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405 Lake Livingston Trail Mckinney, TX 75071

3 Beds 2 Baths 1,896 sqft Built 2019

$369,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $195.09
  • 3 Days on Market
  • MLS # : 14516335
  • Updated Date : 02/12/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

Magnolia Realty

Listing Agent's Description

Welcome Home to Absolute Charm in Fabulous Trinity Falls. This upgraded home is move in ready and sparkles in and out! The elevation compels you in. Upon entry, feel the openness and warmth with high ceilings and a deceptive amount of room. Meticulously maintained. The thoughtful design makes the home appear larger. Upgraded options throughout such as beautiful hardwood floors, fireplace, oversized master, large kitchen island w whirlpool energy star appliances including gas cook top, coffee bar and more. Leed certified home featuring insulated doors, Low e windows, programmable thermostat, radiant barrier, tankless water, electronic deadbolt, ring doorbell w 3 cameras.The nice homes dont last so see it today.

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

Zip Code: 75071

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k360k

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

Zip Code: 75071

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Press Elementary School Primary Regular 495 40 5
Scott Johnson Middle School Middle Regular 876 65 6
Mckinney North High School High Regular 2,089 134 8

Press Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 40
5
GreatSchools Rating

Scott Johnson Middle School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 65
6
GreatSchools Rating

Mckinney North High School

  • Education Level: High
  • # of students: 2,089
  • # of teachers: 134
8
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,285
Property Tax -$697
Property Insurance -$137
HOA -$1,200
Property Management Fees -$99
CASH FLOW
-$1,067

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.

$369,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$6,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0954$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 405 Lake Livingston Trail Mckinney, TX 5
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.24
    •  
  • 812 Llano Falls Drive Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2014
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
  • 825 Llano Falls Drive Mckinney, TX 2
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2014
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 908 Llano Falls Drive Mckinney, TX 3
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2015
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.05
    •  
  • 712 Spring Falls Drive Mckinney, TX 4
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2015
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.13
    •  
PROPERTY LISTING DETAILS
Ron Brown
Magnolia Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516335
Last Updated: 02/12/2021
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