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5205 Stoney Trail Mckinney, TX 75072

4 Beds 3 Baths 3,268 sqft Built 2001

$449,990

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $137.70
  • 4 Days on Market
  • MLS # : 14509901
  • Updated Date : 02/25/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,268 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Stunning home in desired Stone Brooke Crossing in McKinney w 4 Bedrooms, 2.5 Bathrooms, Study w French Doors, Formal Dining, Eat-In Kitchen, Game Room, 2 Car Garage, Landscaping, Pool & Spa. Greet guests in the grand foyer w decorative chandelier. Large kitchen w island, newer appliances, decorative lighting, breakfast bar, bay window, & decorative tile backsplash overlooks the living room w stone fireplace & built-ins. Owner's retreat features ensuite bath w dual sinks, classic black & white tile, garden tub, & separate shower plus walk-in closet. Upstairs Game Room, Full Bath w 2 sinks, & 3 Bedrooms. Cool off during hot summers in the pool or spa. Engineered wood throughout living areas & master.

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: Enclave at Stonebridge Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Enclave at Stonebridge Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10982300

* 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
Glen Oaks Elementary School Primary Regular 481 30 10
Dowell Middle School Middle Regular 1,092 72 9
Mckinney Boyd High School High Regular 2,881 169 8

Glen Oaks Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 30
10
GreatSchools Rating

Dowell Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 72
9
GreatSchools Rating

Mckinney Boyd High School

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

$404,991$494,989$449,990

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 -$1,563
Property Tax -$848
Property Insurance -$216
HOA -$38
Property Management Fees -$99
CASH FLOW
-$314

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.

$449,990

PROJECTED PRICE

$2,450

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,997

INVESTMENT

$124,997

Down Payment
$112,498
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,498
Loan Amount $337,493
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$964

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
  • $0.75

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4503$2,6004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 5205 Stoney Trail Mckinney, TX 2
    • 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,268 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.75
    •  
  • 1520 Timber Edge Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 3,281 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,281 Sqft ∙ Built 1993
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 601 Excalibur Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 2011
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 5912 Waterford Lane Mckinney, TX 4
    • 4 beds 5 baths ∙ 3,354 Sqft ∙ Built 2010 4 beds 5 baths ∙ 3,354 Sqft ∙ Built 2010
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
  • 1016 Scenic Hills Drive Mckinney, TX 5
    • 5 beds 3 baths ∙ 3,263 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,263 Sqft ∙ Built 2016
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509901
Last Updated: 02/25/2021
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