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10201 Kemah Place Mckinney, TX 75071

4 Beds 2 Baths 1,609 sqft Built 2017

$300,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $186.45
  • 4 Days on Market
  • MLS # : 14506810
  • Updated Date : 02/05/2021 at 13:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

This beautiful 1 story home built in 2017 awaits you in Highlands at Westridge, McKinney with award winning Prosper schools. Open floor plan with a beautiful gas cast stone fireplace in the family room open to the kitchen boasting granite counters, gas cooktop, SS appliances & abundance of cabinet space. Master suite features dual sinks, separate shower and tub and large walk-in closet. Bedrooms are split for privacy. As you walk outside, the covered patio is ideal to relax in the backyard after a long day of work. Plenty of natural light throughout. Enjoy community amenities-pool, walk & jog paths, greenbelt and parks. Smart home. Offers deadline Sunday Feb 7th 6 PM.

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,042
Property Tax -$565
Property Insurance -$120
HOA -$44
Property Management Fees -$99
CASH FLOW
-$50

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.

$300,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,8503$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 10201 Kemah Place Mckinney, TX 1
    • 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.13
    •  
  • 201 Noel Drive Mckinney, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2015
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 309 Cherry Spring Drive Mckinney, TX 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 425 Cherry Spring Drive Mckinney, TX 4
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.12
    •  
  • 301 Hideaway Road Mckinney, TX 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2014
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Sakina Ismaelbay
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506810
Last Updated: 02/05/2021
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