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3600 Vista Verde Trail Mckinney, TX 75070

3 Beds 2 Baths 1,921 sqft Built 2006

$300,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.17
  • 4 Days on Market
  • MLS # : 14473348
  • Updated Date : 11/20/2020 at 16:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,921 sqft
  • Baths : 2 full
Listing Agent

Acquisto Real Estate

Listing Agent's Description

Beautifully updated east facing one owner home has been immaculately maintained. Brand new hickory hardwood floors greet you upon entry. Chef's Kitchen w granite, gas cooktop, double ovens, island & oversized breakfast area w views to the front. Enjoy your spacious Family Room w fireplace & custom made mantle. Master BA has custom cabinets w granite, tiled shower & huge walk-in closet. Two more secondary bedrooms w ample closet space. Updated BA w custom cabinets, marble countertops and new sink & faucet. Oversized laundry room. Step outside to covered patio on corner lot w gorgeous landscaping, all surrounded by privacy fence. Frisco ISD. Home Warranty will transfer to new owner, valid until Nov 2024.

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: Craig Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Craig Ranch North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11082171

* 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
Dr. J.m. Ogle Elementary School Primary Regular 650 40 9
Scoggins Middle School Middle Regular 790 57 9
Independence High School High Unknown 1,161 102 9

Dr. J.m. Ogle Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 40
9
GreatSchools Rating

Scoggins Middle School

  • Education Level: Middle
  • # of students: 790
  • # of teachers: 57
9
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,107
Property Tax -$565
Property Insurance -$138
HOA -$50
Property Management Fees -$99
CASH FLOW
-$189

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.

$300,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8503$1,8904$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 3600 Vista Verde Trail Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.92
    •  
  • 7804 Laughing Waters Trail Mckinney, TX 2
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 3632 Vista Verde Trail Mckinney, TX 3
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.05
    •  
  • 8109 Laughing Waters Trail Mckinney, TX 4
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 3705 Carmel Mountain Drive Mckinney, TX 5
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shana Acquisto
Acquisto Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473348
Last Updated: 11/20/2020
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