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

2200 Tremont Boulevard Mckinney, TX 75071

3 Beds 3 Baths 2,707 sqft Built 2017

$579,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $213.89
  • 3 Days on Market
  • MLS # : 14522505
  • Updated Date : 02/27/2021 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,707 sqft
  • Baths : 3 full
Listing Agent

Home Capital Realty Llc

Listing Agent's Description

This home is beautiful and move in ready today! Bring your offers quickly! This immaculate one owner home is a stunner and LOADED with upgrades in the upscale Tucker Hill neighborhood. This open floor plan corner lot has custom flooring throughout along with high ceilings. A gourmet kitchen offers granite counters, SS appliances, tall cabinets and ample storage. You'll fall in love with your master retreat every time your enter--it features a walk in closet and dual sinks in the bath. Enjoy entertaining or your favorite cup of coffee under your spacious covered patio. Tucker Hill is the perfect place for your active, social lifestyle.

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: Tucker Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k523k

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

Neighborhood: Tucker Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263214

* 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
John A. Baker Elementary School Primary Regular 698 53 8
Prosper High School High Regular 1,868 120 9
John A. Baker Elementary School Primary Unknown NA

John A. Baker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 53
8
GreatSchools Rating

Prosper High School

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

John A. Baker Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,011
Property Tax -$1,091
Property Insurance -$184
HOA -$107
Property Management Fees -$99
CASH FLOW
-$831

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.

$579,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.3%
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$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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,443

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,4003$2,6004$2,6605$2,750
$2,750
RENT COMPS ANALYSIS
  • 2200 Tremont Boulevard Mckinney, TX 4
    • 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.98
    •  
  • 1404 Union Court Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.80
    •  
  • 8113 Corinth Drive Mckinney, TX 2
    • 3 beds 2 baths ∙ 2,537 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,537 Sqft ∙ Built 2010
    property image
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 1612 Country Walk Drive Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.89
    •  
  • 7716 Harvest Hill Lane Mckinney, TX 5
    • 4 beds 4 baths ∙ 2,849 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,849 Sqft ∙ Built 2011
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Stephanie Heppes
Home Capital Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522505
Last Updated: 02/27/2021
BESbswy