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4700 Scoter Lane Mckinney, TX 75072

4 Beds 5 Baths 3,909 sqft Built 2000

$675,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $172.68
  • 3 Days on Market
  • MLS # : 14501393
  • Updated Date : 01/22/2021 at 09:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,909 sqft
  • Baths : 3 full , 2 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

A rare find! You will love coming home to this stately Toll Brother's quality built residence gently nestled on over a half acre of land within the prestigious & gated Mallard Lakes where listings are rare. Expansive & flooded with natural light open concept layout offers well-appointed elegant spaces that effortlessly flow into one another creating the ultimate setting for family living & entertaining. Don't miss the huge chef's delight kitchen w endless cabinets, grand 2story living w wall of windows, handsome study w extensive built ins, spacious master retreat tucked behind french doors, 3 large BRs w gameroom upstairs and DREAMY outdoors with pool, spa and large tree-lined lawn for all your sports & play.

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: Mallard Lakes at Mckinney

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k585k

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

Neighborhood: Mallard Lakes at Mckinney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Walker Elementary School Primary Regular 572 34 9
Faubion Middle School Middle Regular 976 64 7
Mckinney Boyd High School High Regular 2,881 169 8

Walker Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 34
9
GreatSchools Rating

Faubion Middle School

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

Mckinney Boyd High School

  • Education Level: High
  • # of students: 2,881
  • # of teachers: 169
8
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,345
Property Tax -$1,271
Property Insurance -$253
HOA -$147
Property Management Fees -$99
CASH FLOW
-$685

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.

$675,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$99

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,069

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,9953$3,3004$3,4305$3,500
$3,500
RENT COMPS ANALYSIS
  • 4700 Scoter Lane Mckinney, TX 4
    • 4 beds 5 baths ∙ 3,909 Sqft ∙ Built 2000 4 beds 5 baths ∙ 3,909 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $0.88
    •  
  • 3921 Cockrill Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 3,631 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,631 Sqft ∙ Built 2004
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.69
    •  
  • 1113 Shady Oaks Circle Mckinney, TX 2
    • 4 beds 3 baths ∙ 3,915 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,915 Sqft ∙ Built 1990
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 406 Pintail Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 4,093 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,093 Sqft ∙ Built 1999
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.81
    •  
  • 910 Parkwood Court Mckinney, TX 5
    • 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
Anastasia Riley
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501393
Last Updated: 01/22/2021
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