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1117 Shaker Run Mckinney, TX 75069

3 Beds 2 Baths 1,469 sqft Built 2001

$260,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $176.99
  • 4 Days on Market
  • MLS # : 14522461
  • Updated Date : 02/25/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,469 sqft
  • Baths : 2 full
Listing Agent

Mason Real Estate Company

Listing Agent's Description

Very nice home with 10ft ceilings. Open floor plan. Tile Flooring through out common areas, all bedrooms and Master with separate shower and garden tub. Limited carpet in the home.Closets only. Fresh paint and move in ready. Friendly neighborhood. Brand new Appliances to stay with home. Dont miss this home in McKinney ISD and McKinney High School! Close to huge park with jogging trails, lakes and other amenities. Close to downtown McKinney and centrally located to highways. Easy access to Hwy 75 and 121 (Sam Rayburn tollway)

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: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k344k

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

Neighborhood: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9872051

* 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
Finch Elementary School Primary Regular 426 41 3
Dowell Middle School Middle Regular 1,092 72 9
Mckinney High School High Regular 2,486 148 7

Finch Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 41
3
GreatSchools Rating

Dowell Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 72
9
GreatSchools Rating

Mckinney High School

  • Education Level: High
  • # of students: 2,486
  • # of teachers: 148
7
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$903
Property Tax -$490
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
-$4

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.

$260,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6004$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1117 Shaker Run Mckinney, TX 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 1209 S College Street Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1984
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.20
    •  
  • 1214 Hyde Park Drive Mckinney, TX 2
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1992
    property image
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 1205 Big Bend Drive Mckinney, TX 4
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1988
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.16
    •  
  • 913 S Kentucky Street Mckinney, TX 5
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Carl Mason
Mason Real Estate Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522461
Last Updated: 02/25/2021
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