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4911 Jamestown Lane Mckinney, TX 75071

5 Beds 4 Baths 4,127 sqft Built 2001

$457,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $110.73
  • 2 Days on Market
  • MLS # : 14513084
  • Updated Date : 02/06/2021 at 21:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,127 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams No. Collin Cty

Listing Agent's Description

Ideal home for raising a family. 5 bedrooms or 4 plus study downstairs, game room, media room, formal dining, HUGE backyard located close to schools, shopping, restaurants & more. Kitchen features lots of cabinets and counter top space with a very large eat-in kitchen area that makes it easy to get everyone around the table. Built-in desk area great for working at home or homework. Your family will love the big upstairs game and media room space. Secondary bedrooms are all nice sized. This home has great storage as well. Large master provides great relaxing escape with lovely bath. Original owner. All information stated herin is believed to be accurate but should be verified by Buyer.

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: Virginia Woods

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k412k

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

Neighborhood: Virginia Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262747

* 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
Minshew Elementary School Primary Regular 656 41 8
Cockrill Middle School Middle Regular 1,349 87 9
Mckinney Boyd High School High Regular 2,881 169 8

Minshew Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 41
8
GreatSchools Rating

Cockrill Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 87
9
GreatSchools Rating

Mckinney Boyd High School

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

$411,300$502,700$457,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,587
Property Tax -$861
Property Insurance -$266
HOA -$56
Property Management Fees -$99
CASH FLOW
$151

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.

$457,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.66%

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-$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$126,855

INVESTMENT

$126,855

Down Payment
$114,250
Rehab Estimate
$5,750
Closing Costs
$6,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,250
Loan Amount $342,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$32,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $3,312

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9953$3,0204$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4911 Jamestown Lane Mckinney, TX 3
    • 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $0.73
    •  
  • 2705 Albany Drive Mckinney, TX 1
    • 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,812 Sqft ∙ Built 2014
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.76
    •  
  • 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 4
    • 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
Julie Williams
Keller Williams No. Collin Cty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513084
Last Updated: 02/06/2021
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