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10408 Sexton Drive Mckinney, TX 75072

4 Beds 4 Baths 3,590 sqft Built 2011

$474,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $132.28
  • 2 Days on Market
  • MLS # : 14494238
  • Updated Date : 01/08/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,590 sqft
  • Baths : 3 full , 1 half
Listing Agent

Legacy Premier Group

Listing Agent's Description

This 2 story, 3,735 sq ft, 4 bedroom, 3.5 bath home is loaded with upgrades. The entry has a curving staircase illuminated by two chandeliers and LED step lighting. To the right is the formal dining room and on the left is an office with custom coffered ceiling. All with wood flooring through the extended entry. The main level offers a powder room, utiility room with a door to the master closet, family room and kitchen with island have tons of storage in the notty alder cabinets with granite countertops. Main level has a spacious master bedroom with large bath and walk in closet. Upstairs enjoy the game room and oversized theater and three large bedrooms, one of which overlooks the 15x30 gunite pool with suana.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Heights at Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k364k

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

Neighborhood: Heights at Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262292

* 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
Mooneyham Elementary School Primary Regular 791 44 8
Sam And Ann Roach Middle School Middle Regular 963 68 10
Heritage High School High Regular 1,844 125 9

Mooneyham Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 44
8
GreatSchools Rating

Sam And Ann Roach Middle School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 68
10
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,650
Property Tax -$894
Property Insurance -$235
HOA -$38
Property Management Fees -$99
CASH FLOW
-$275

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.

$474,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,873

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,701

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6404$2,7955$2,800
$2,800
RENT COMPS ANALYSIS
  • 10408 Sexton Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,590 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,590 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.74
    •  
  • 10405 Sexton Drive Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,487 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,487 Sqft ∙ Built 2009
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 13337 Four Willows Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,517 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,517 Sqft ∙ Built 2006
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
  • 10700 Capri Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,475 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,475 Sqft ∙ Built 2013
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.80
    •  
  • 10800 Sedalia Drive Mckinney, TX 5
    • 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2013
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Lance Thompson
Legacy Premier Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494238
Last Updated: 01/08/2021
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