Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10100 Barstow Way Mckinney, TX 75071

4 Beds 4 Baths 2,292 sqft Built 2018

$385,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $167.98
  • 4 Days on Market
  • MLS # : 14507819
  • Updated Date : 01/29/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,292 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

Open House Sat & Sun CANCELLED - Gorgeous home located on corner lot in sought after Highlands At Westridge in Prosper ISD! Just 3 years NEW plus builder warranty! Wood floors & vaulted ceiling welcomes you home! Fabulous open kitchen has SS appl, granite counters, breakfast bar, plenty of cabinet space, pantry & separate dining. Living has gas log fp & great windows. First floor master has luxurious bath, garden tub, sep shower, dual sinks & large walk-in closet. Second floor offers so much space! Addl master with private bath & two more spacious beds with jack & jill bath. Peaceful backyard with beautiful pergola & stained patio. Other great features include central vac, sprinkler, gutters & holiday outlets.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
Hughes Elementary School Primary Unknown NA
Hays Middle School Middle Unknown NA
Prosper High School High Unknown NA

Hughes Elementary School

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

Hays Middle School

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

Prosper High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,337
Property Tax -$725
Property Insurance -$160
HOA -$63
Property Management Fees -$99
CASH FLOW
-$183

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,166

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2003$2,3004$2,3505$2,399
$2,399
RENT COMPS ANALYSIS
  • 10100 Barstow Way Mckinney, TX 2
    • 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 10052 Eagle Pass Place Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2018
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 10128 Horseshoe Lane Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 221 Sandy Creek Way Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 10017 Eagle Pass Place Mckinney, TX 5
    • 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2018
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.98
    •  
PROPERTY LISTING DETAILS
Amy Downs
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507819
Last Updated: 01/29/2021
BESbswy