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2533 Triton Drive Mckinney, TX 75071

4 Beds 3 Baths 2,274 sqft Built 2020

$439,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $193.45
  • 2 Days on Market
  • MLS # : 14488201
  • Updated Date : 01/09/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,274 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Gated Community~ Beautiful single-story home with a smart floor plan & elegant design touches ~ 4 bedrooms and 3 full bath plus study. Beautiful kitchen with high end upgrades ~ walk-in pantry & island, overlooks the large living area with fireplace, perfect for entertaining. The master suite is tucked away in the back from the front bedrooms to provide maximum privacy & boasts a large walk in shower plus tub~ his & her sinks & master closet with tons of storage space. The 4th bedroom includes an on-suite bath, perfect guest suite. The study has french doors, can be outfitted as a formal dining room or whatever suits your family's needs. Large backyard with a covered patio is a the perfect cookout area.

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: McKinney

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k360k

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

Neighborhood: McKinney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262358

* 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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,528
Property Tax -$829
Property Insurance -$159
HOA -$126
Property Management Fees -$99
CASH FLOW
-$580

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$439,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 3.00%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$118,574

INVESTMENT

$118,574

Down Payment
$109,975
Rehab Estimate
$2,000
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$33

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,1504$2,1605$2,195
$2,195
RENT COMPS ANALYSIS
  • 2533 Triton Drive Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.95
    •  
  • 2229 Preston Lane Mckinney, TX 1
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2007
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 2220 Preston Lane Mckinney, TX 2
    • 4 beds 4 baths ∙ 2,337 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,337 Sqft ∙ Built 2011
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 2820 Gillingham Lane Mckinney, TX 3
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 2019
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 5301 Leyton Drive Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2017
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
Marilyn Iness
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488201
Last Updated: 01/09/2021
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