Prosper vs. McKinney - thoughts?
I am an out of town investor, who is planning to purchase an investment property in Dallas. My goal is to hold it and rent it out and potentially sell it (in about 5-10 years). I am down to two choices: one located in Prosper (Artesia Development -large 2,700 home community that has been around since 2006) and in McKinney (Bloomridge Development - small, new community with only 100 homes). Both properties are 4 bdr/3 bath, media and game room, good floor plans. The McKinney one is slightly bigger and about 40K higher priced, but community pool and common areas are still being constructed. Thoughts with regard to rental and appreciation values in these areas?