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1301 Bristlewood Drive Mckinney, TX 75072

5 Beds 5 Baths 3,887 sqft Built 2001

$625,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $160.79
  • 5 Days on Market
  • MLS # : 14489391
  • Updated Date : 01/03/2021 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,887 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

WOW, beautiful home, great pool, covered patio, and large, east-facing backyard in Woodhaven, Stonebridge Ranch! So many extras including hardwood floors, plantation shutters, curving staircase, bay windows in master, 1st-floor guest room-study with private french doors to outside and attached full bathroom, and a beautiful pool with spa and water feature. Spacious gourmet kitchen with large island, granite counters, gas cooktop, butler pantry, separate breakfast room, and formal dining room. Relax in the large backyard on the covered patio with ceiling fans and enjoy the pool and spa. Great McKinney ISD schools including sought after Boyd High School. This home has been beautifully updated and maintained!

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: Woodhaven

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Woodhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263525

* 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
Eddins Elementary School Primary Regular 469 31 8
Dowell Middle School Middle Regular 1,092 72 9
Mckinney Boyd High School High Regular 2,881 169 8

Eddins Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 31
8
GreatSchools Rating

Dowell Middle School

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

Mckinney Boyd High School

  • Education Level: High
  • # of students: 2,881
  • # of teachers: 169
8
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,306
Property Tax -$1,177
Property Insurance -$252
HOA -$70
Property Management Fees -$99
CASH FLOW
-$774

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.

$625,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.50%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,090

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0503$3,0954$3,1005$3,130
$3,130
RENT COMPS ANALYSIS
  • 1301 Bristlewood Drive Mckinney, TX 5
    • 5 beds 5 baths ∙ 3,887 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,887 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $0.81
    •  
  • 716 Cowan Lane Mckinney, TX 1
    • 5 beds 3 baths ∙ 3,651 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,651 Sqft ∙ Built 2011
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 1508 Woodhaven Drive Mckinney, TX 2
    • 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.77
    •  
  • 820 Royal Crest Court Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,960 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,960 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.78
    •  
  • 7900 Linksview Drive Mckinney, TX 4
    • 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Harlow Hagee
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489391
Last Updated: 01/03/2021
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