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

4200 Lone Star Circle Mckinney, TX 75071

4 Beds 3 Baths 2,921 sqft Built 2004

$524,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $179.39
  • 4 Days on Market
  • MLS # : 14504793
  • Updated Date : 01/30/2021 at 23:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,921 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Allen-fairview

Listing Agent's Description

WHAT YOU HAVE BEEN LOOKING FOR!! - Situated on 2 acres, no HOA's, and low taxes! This energy efficient, quality custom home sits beautifully in a peaceful country setting, but yet close to all the amenities of city living. The home is well designed and has custom concrete flooring throughout, a spacious master bedroom suite downstairs, formal dining, and well appointed kitchen with SS appliances, and Corian countertops. Upstairs is a retreat in-itself, with a second living area, large bedroom, and full bath. Relax outside on the extended back patio with vaulted ceiling and views of your private acreage with mature trees. A beautiful home and area not to miss!

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
Webb Elementary School Primary Regular 400 34 3
Scott Johnson Middle School Middle Regular 876 65 6
Mckinney North High School High Regular 2,089 134 8

Webb Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 34
3
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
 

$471,600$576,400$524,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,820
Property Tax -$987
Property Insurance -$196
Property Management Fees -$99
CASH FLOW
-$1,002

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.

$524,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.40%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

-0.17

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.

  • $2,100

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,286

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,1004$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 4200 Lone Star Circle Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 1912 Pilot Point Way Princeton, TX 1
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 1433 Park Trails Boulevard Princeton, TX 2
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2019
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 1968 Bernard Drive Princeton, TX 4
    • 4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,574 Sqft ∙ Built 2016
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 2105 Glorioso Lane Princeton, TX 5
    • 5 beds 3 baths ∙ 2,617 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,617 Sqft ∙ Built 2019
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Johanna Mattox
Ebby Halliday, Allen-fairview
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504793
Last Updated: 01/30/2021
BESbswy