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535 Stagecoach Drive Lowry Crossing, TX 75069

4 Beds 2 Baths 2,054 sqft Built 1983

$359,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $174.78
  • 13 Days on Market
  • MLS # : 14490700
  • Updated Date : 01/11/2021 at 10:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

Lovely ranch-style FOUR Bedroom country home on pretty 1.35 acres with lots of great features and tons of parking and storage! You'll find vaulted ceilings, a stone fireplace, two gigantic living areas, and a spacious kitchen with stainless dishwasher and breakfast bar. Outside you'll enjoy the 20x15 flagstone covered patio, a large separate fenced area for animals, a pretty pool & deck, gorgeous trees and a big yard! Two storage buildings and parking galore with a 2-car garage and carports for 3-5 vehicles, boats or campers. PROPANE TANK STAYS for future uses - pool heater, cooking, outdoor fire pit, etc. Bring your family, all your vehicles, trucks and toys, and even a new horse...Come enjoy the country!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k344k

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

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10122051

* 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
Webb Elementary School Primary Regular 400 34 3
Scott Johnson Middle School Middle Regular 876 65 6
Mckinney North High School High Regular 2,089 134 8

Webb Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 34
3
GreatSchools Rating

Scott Johnson Middle School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 65
6
GreatSchools Rating

Mckinney North High School

  • Education Level: High
  • # of students: 2,089
  • # of teachers: 134
8
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,247
Property Tax -$711
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$93

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.

$359,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,398

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1104$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 535 Stagecoach Drive Lowry Crossing, TX 3
    • 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.03
    •  
  • 315 Woodcreek Drive Lowry Crossing, TX 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1984
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 1435 Pioneer Drive Lowry Crossing, TX 2
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1983
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
  • 807 Highridge Lane Lowry Crossing, TX 4
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1983
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.16
    •  
  • 600 Cross Fence Drive Lowry Crossing, TX 5
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1999
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.32
    •  
PROPERTY LISTING DETAILS
David Blattner
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490700
Last Updated: 01/11/2021
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