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5809 Pebble Ridge Drive Mckinney, TX 75070

4 Beds 3 Baths 3,244 sqft Built 2007

$379,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $117.11
  • 3 Days on Market
  • MLS # : 14516546
  • Updated Date : 02/27/2021 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,244 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Gorgeous property in Frisco ISD, meticulously maintained with room for the whole family and storage for days. Foyer opens onto flex space, great as an office, playroom or formal dining. Open-concept plan showcases an enormous kitchen for the chef in the family, overlooking a huge family room with view of the backyard. Enjoy coffee from your covered patio. Downstairs master with separate flex space for a secondary office or gym with serene en-suite bathroom. Upstairs landing opens onto fantastic game room, perfectly situated between three oversized guest rooms. Turn key with generous millwork, designer paint scheme, fixtures and finishes throughout. Don't miss the epoxy garage floor and custom patio slab!

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: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k356k

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

Neighborhood: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Edris Elliott Elementary School Primary Regular 536 33 6
Scoggins Middle School Middle Regular 790 57 9
Independence High School High Unknown 1,161 102 9

Edris Elliott Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 33
6
GreatSchools Rating

Scoggins Middle School

  • Education Level: Middle
  • # of students: 790
  • # of teachers: 57
9
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,320
Property Tax -$716
Property Insurance -$215
HOA -$33
Property Management Fees -$99
CASH FLOW
$28

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.

$379,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$18,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,4004$2,4105$2,650
$2,650
RENT COMPS ANALYSIS
  • 5809 Pebble Ridge Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,244 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,244 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.74
    •  
  • 5713 Quicksilver Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2006
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 3916 Ironstone Lane Mckinney, TX 2
    • 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,300 Sqft ∙ Built 2006
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 5708 Bedrock Drive Mckinney, TX 3
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2006
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.77
    •  
  • 4416 Querida Avenue Mckinney, TX 5
    • 4 beds 4 baths ∙ 3,385 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,385 Sqft ∙ Built 2017
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
PROPERTY LISTING DETAILS
Katherine Allen
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516546
Last Updated: 02/27/2021
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