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10025 Sailboard Drive Mckinney, TX 75072

4 Beds 3 Baths 2,528 sqft Built 2012

$365,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $144.38
  • 1 Days on Market
  • MLS # : 14514693
  • Updated Date : 02/06/2021 at 23:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,528 sqft
  • Baths : 3 full
Listing Agent

Kimberly Adams Realty

Listing Agent's Description

Welcome home to this newly renovated 1.5 story home in the desirable Prosper School District. Brand new carpet , brand new hardwood laminate, brand new paint all throughout, brand new dishwasher and so much more! Home comes with 3 spacious bedrooms downstairs, a double french door study and a massive gameroom upstairs with it's own bedroom suite and full bath. Exquisite granite counter top and oversized island in the kitchen overlooking the family room for easy entertainment. Need a large backyard with a greenbelt area as the backdrop? Yes! Home is centrally located near major highways such as 121, 75, George Bush Turnpike and 380.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262413

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Judy Rucker Elementary School Primary Regular 781 47 8
Hays Middle School Middle Unknown NA
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Hays Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,268
Property Tax -$687
Property Insurance -$173
HOA -$58
Property Management Fees -$99
CASH FLOW
-$126

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,711

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,160

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,338

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,1983$2,2954$2,3505$2,350
$2,350
RENT COMPS ANALYSIS
  • 10025 Sailboard Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.85
    •  
  • 405 Hideaway Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,198
    • $0.87
    •  
  • 10124 Sailboard Drive Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2012
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.93
    •  
  • 433 Cherry Spring Drive Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2014
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 221 Sandy Creek Way Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kimberly Vo
Kimberly Adams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514693
Last Updated: 02/06/2021
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