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441 Sloan Creek Parkway Fairview, TX 75069

4 Beds 4 Baths 3,254 sqft Built 2010

$450,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $138.29
  • 2 Days on Market
  • MLS # : 14460313
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,254 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

FABULOUS GREENBELT & CREEK LOT ! Beautiful 4 bed 3.5 bath home with wood floors, welcoming foyer, large family room that has a GREAT VIEW OF THE TREES and cozy fireplace. Open floorplan and spacious kitchen with gas stove & double oven is perfect for entertaining. Large formal dining room and great flex room for formal living or home office space. Plantation shutters, butlers pantry, walk in pantry and tons of cabinets are just a few of the amazing features of this great home. Master down with spa like bath- oversized shower and soaker tub. Huge game room and media room up. Guest room has on suite bath and an extra half bath down stairs for guests. Don't miss out on this beautiful property!

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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: 75069

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10122551

* 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
Mcgowen Elementary School Primary Regular 674 44 7
Faubion Middle School Middle Regular 976 64 7
Mckinney High School High Regular 2,486 148 7

Mcgowen Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 44
7
GreatSchools Rating

Faubion Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 64
7
GreatSchools Rating

Mckinney High School

  • Education Level: High
  • # of students: 2,486
  • # of teachers: 148
7
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,660
Property Tax -$814
Property Insurance -$215
HOA -$52
Property Management Fees -$99
CASH FLOW
$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,506

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,4504$2,9305$3,400
$3,400
RENT COMPS ANALYSIS
  • 441 Sloan Creek Parkway Fairview, TX 4
    • 4 beds 4 baths ∙ 3,254 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,254 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.90
    •  
  • 5397 Conestoga Drive Fairview, TX 1
    • 3 beds 3 baths ∙ 2,948 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,948 Sqft ∙ Built 2012
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 1327 Shelborn Drive Allen, TX 2
    • 4 beds 3 baths ∙ 3,248 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,248 Sqft ∙ Built 2006
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 380 Parkvillage Avenue Fairview, TX 3
    • 4 beds 4 baths ∙ 3,469 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,469 Sqft ∙ Built 2004
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.71
    •  
  • 1611 Sweetbay Drive Allen, TX 5
    • 4 beds 4 baths ∙ 3,582 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,582 Sqft ∙ Built 2003
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Pam Heinrich
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460313
Last Updated: 11/13/2020
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