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5404 Pebble Court Mckinney, TX 75072

4 Beds 3 Baths 2,581 sqft Built 1999

$375,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $145.29
  • 2 Days on Market
  • MLS # : 14496916
  • Updated Date : 01/09/2021 at 08:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,581 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Highland home within the Glenoaks, Dowell, Boyd school zone, with original owners has been lovingly cared for, this 4 bed, 2.1 bath with media or game and home office features, hardwood floors throughout majority of lower level, extensive covered back patio with stone fireplace, iron balusters, designer paint, stainless steel appliances, ORB door handles throughout, granite, 5 burner gas cook top, large kitchen island, new roof in 2018, custom office located on upper level, gas log fireplace, frameless master shower, all new plumbing fixtures, brand new water heater, wood fence with steel posts, decked attic over garage for added storage plus outdoor shed and raised bed garden. Hurry this won't last long!

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

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,303
Property Tax -$706
Property Insurance -$176
HOA -$38
Property Management Fees -$99
CASH FLOW
-$232

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.

$375,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,104

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0904$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 5404 Pebble Court Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.81
    •  
  • 5304 Sandstone Lane Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2005
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 5309 Comanche Wells Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2004
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 5120 Stonecrest Drive Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2000
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 5011 Enclave Court Mckinney, TX 5
    • 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kellymarie Davis
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496916
Last Updated: 01/09/2021
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