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10412 Fort Davis Place Mckinney, TX 75071

5 Beds 4 Baths 3,203 sqft Built 2017

$432,990

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.18
  • 2 Days on Market
  • MLS # : 14473576
  • Updated Date : 11/21/2020 at 03:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,203 sqft
  • Baths : 4 full
Listing Agent

Avignon Realty

Listing Agent's Description

MUST SEE this well Preserved 5 Bedrooms, 4 Bathrooms with the Master suite downstairs. The media room , game room, Movie theater and two extra beds and baths Upstairs. Huge walk in closet in Master suite. One room can be an office or study area. Custom made Gazebo in the backyard for relaxation and fun gatherings. Enjoy one of the many community amenities including dog parks, pond, and community pool. Don't miss out on your Dream Home.

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
Lorene Rogers Middle School Primary Regular 1,184 72 9
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Lorene Rogers Middle School

  • Education Level: Primary
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

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

$389,691$476,289$432,990

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,598
Property Tax -$816
Property Insurance -$212
HOA -$58
Property Management Fees -$99
CASH FLOW
-$293

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.

$432,990

PROJECTED PRICE

$2,490

PROJECTED RENT

0.58%

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-$10k-$5.0k$0.0$5.0k$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$120,492

INVESTMENT

$120,492

Down Payment
$108,248
Rehab Estimate
$5,750
Closing Costs
$6,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,248
Loan Amount $324,743
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,634

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,4903$2,5004$2,6505$2,695
$2,695
RENT COMPS ANALYSIS
  • 10412 Fort Davis Place Mckinney, TX 2
    • 5 beds 4 baths ∙ 3,203 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,203 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.78
    •  
  • 1900 Abbeygale Drive Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,255 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,255 Sqft ∙ Built 2013
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.76
    •  
  • 10601 Fort Stockton Place Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,034 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,034 Sqft ∙ Built 2017
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 10604 Fort Davis Place Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,198 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,198 Sqft ∙ Built 2017
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
  • 11521 Annabelle Drive Mckinney, TX 5
    • 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2016
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jennifer Tran
Avignon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473576
Last Updated: 11/21/2020
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