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

10213 Blackberry Street Mckinney, TX 75072

4 Beds 4 Baths 3,215 sqft Built 2014

$405,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $125.97
  • 3 Days on Market
  • MLS # : 14513774
  • Updated Date : 02/06/2021 at 09:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,215 sqft
  • Baths : 4 full
Listing Agent

Josh Deshong Real Estate, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Offer Deadline, Feb 7th at 6 PM. A home worthy of HGTV. The layout, design, and location are things every homeowner will adore! Step inside and be in awe by the lovely bamboo floors, upgraded light fixtures, and the many features you will find throughout the home. 2 bedrooms Downstairs, including the Master Suite. Plus a separate office space! Upstairs, you'll find 2 additional bedrooms, a separate Den, plus a Media Room! Did I forget to mention that every bedroom has it's own bathroom? Absolutely amazing! This home is built to impress and entertain. Your family will absolutely fall in love. Fantastic location in Mckinney. PROSPER ISD Schools. Family favorite neighborhood.

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,407
Property Tax -$763
Property Insurance -$213
HOA -$63
Property Management Fees -$99
CASH FLOW
$16

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.

$405,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.63%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,604

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5004$2,5605$2,595
$2,595
RENT COMPS ANALYSIS
  • 10213 Blackberry Street Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,215 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,215 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.80
    •  
  • 10512 Wagon Wheel Way Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,215 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,215 Sqft ∙ Built 2015
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 10104 Waterstone Way Mckinney, TX 2
    • 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2012
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
  • 10405 Jackson Hole Lane Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2015
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 10101 Ransom Ridge Road Mckinney, TX 5
    • 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2012
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michael Dobbs
Josh Deshong Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513774
Last Updated: 02/06/2021
BESbswy