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

4400 Del Rey Avenue Mckinney, TX 75070

4 Beds 4 Baths 2,728 sqft Built 2019

$424,999

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $155.79
  • 2 Days on Market
  • MLS # : 14495544
  • Updated Date : 01/16/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,728 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dfw Urban Realty, Llc

Listing Agent's Description

GORGEOUS 2-story home with stone elevation on a corner lot, lush landscaping, and 6' BOB fence shows beautifully with 4 bedrooms, 3.1 bathrooms, 2 living, breakfast nook, 2 dining areas, and an amazing kitchen. Master Suite down with large walk-in closet, oversized shower, and separate vanities. This property also includes hardwood floors, tile in wet areas, granite countertops, soft-close cabinetry, and Whirlpool SS Smart Appliances, whole house blinds.$8000 ADT System, Custom Bar in Piano Room.Garage Floor Epoxy Coating. Upgraded wifi, and more, see attached list. All of these wonderful amenities are located 3 minutes from 121 and Stacy Rd. Frisco ISD. YOU HAVE GOT TO SEE THIS BEAUTY!!!

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: McKinney

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k356k

* 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
Edris Elliott Elementary School Primary Regular 536 33 6
Scoggins Middle School Middle Regular 790 57 9
Independence High School High Unknown 1,161 102 9

Edris Elliott Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 33
6
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
 

$382,499$467,499$424,999

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,476
Property Tax -$800
Property Insurance -$185
HOA -$54
Property Management Fees -$99
CASH FLOW
-$165

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.

$424,999

PROJECTED PRICE

$2,450

PROJECTED RENT

0.58%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,749
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,098
1$2,0982$2,3753$2,4504$2,6505$2,795
$2,795
RENT COMPS ANALYSIS
  • 4400 Del Rey Avenue Mckinney, TX 3
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 5809 Lodgestone Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,098
    • $0.79
    •  
  • 6900 Columbia Falls Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.91
    •  
  • 4105 Rainey Street Mckinney, TX 4
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2016
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.92
    •  
  • 6601 Manzano Street Mckinney, TX 5
    • 5 beds 4 baths ∙ 2,867 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,867 Sqft ∙ Built 2014
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.97
    •  
PROPERTY LISTING DETAILS
Joana Sweney
Dfw Urban Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495544
Last Updated: 01/16/2021
BESbswy