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5821 Oldham Drive Mckinney, TX 75070

4 Beds 2 Baths 2,147 sqft Built 2002

$325,000

List Price

$1,800

$1.6K - $2K

Rent Est.

$91,875

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.4%
Cash Flow	-$3,492
Value Increase	$27,353

10 YEAR

Cash On Cash	-6.0%
Total Return	10.5%

PROPERTY INFO

November 01, 2020 RECENTLY ADDED

FACTS

Built In 2002
Price/Sqft : $151.37
3 Days on Market
MLS # : 14463574
Updated Date : 11/01/2020 at 15:30

CONSTRUCTION

Beds : 4
Floor Size : 2,147 sqft
Baths : 2 full

Listing Agent

Three Trees Realty

Listing Agent's Description

IMMACULATE HOME! Extremely well-maintained 4-bedroom 2-bath home with large kitchen that opens to breakfast & family room. Many upgrades include Solar Smart II windows & doors, roof in 2019, stainless steel appliances & granite countertops in kitchen. Also included are a completely remodeled guest bath and the unique underground ArmourGuard Storm shelter & safe room in the garage. Gorgeous backyard with covered patio & 2 added storage sheds. This home is move-in ready and must be seen to appreciate. Room dimensions should be verified by buyer.

McKinney, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Eldorado Heights

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

Neighborhood: Eldorado Heights

* 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
Johnson Elementary School	Primary	Regular	583	36	6
Evans Middle School	Middle	Regular	1,443	90	8
Mckinney High School	High	Regular	2,486	148	7

Johnson Elementary School

Education Level: Primary
# of students: 583
# of teachers: 36

GreatSchools Rating

Evans Middle School

Education Level: Middle
# of students: 1,443
# of teachers: 90

GreatSchools Rating

Mckinney High School

Education Level: High
# of students: 2,486
# of teachers: 148

GreatSchools Rating

FINANCIALS

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$292,500$357,50000$325,000

PURCHASE PRICE

$1,620$1,98000$1,800

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,800
EXPENSES	Loan Payment	-$1,199
	Property Tax	-$612
	Property Insurance	-$151
	HOA	-$29
	Property Management Fees	-$99



CASH FLOW -$291

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.

$325,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	8.3%
Maintenance Year (1-5)	8.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$91,875

Down Payment	$81,250
Rehab Estimate	$5,750
Closing Costs	$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$81,250
Loan Amount	$243,750

See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,800
LIST RENT
$0.84
LIST RENT PER SQFT

$1,879
COMP ESTIMATED VALUE
$0.88
COMP AVG. RENT PER SQFT

Comps Range

$1,800

1$1,8002$1,8003$1,8954$1,9905$2,000

$2,000

RENT COMPS ANALYSIS

2,147
PROPERTY SQFT
$0.88
AVG RENT PER SQFT
$1,879
ESTIMATED VALUE
$1,800
LIST RENT

5821 Oldham Drive Mckinney, TX 5

4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002
Price

Price Per SQFT

$325,000

$151.37
5921 Jewel Drive Mckinney, TX 1

4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2000
SOLD 09/30/20
Price

Price Per SQFT

$289,000

$143.00
3800 Chelsea Drive Mckinney, TX 2

4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2001
SOLD 09/30/20
Price

Price Per SQFT

$295,000

$132.35
3504 Woodson Drive Mckinney, TX 3

4 beds 2 baths ∙ 2,133 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 2000
SOLD 08/14/20
Price

Price Per SQFT

$310,000

$145.34
5408 Highlands Drive Mckinney, TX 4

4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1998
SOLD 10/22/20
Price

Price Per SQFT

$314,000

$145.37

5821 Oldham Drive Mckinney, TX 2

4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002
Rent

Rent Per SQFT

$1,800

$0.84
5509 Cedar Elm Drive Mckinney, TX 1

3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2003
LEASED 07/26/20
Rent

Rent Per SQFT

$1,800

$0.91
5608 Tulip Drive Mckinney, TX 3

4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2000
LEASED 04/05/20
Rent

Rent Per SQFT

$1,895

$0.81
5816 Pine Meadow Lane Mckinney, TX 4

4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002
LEASED 09/24/20
Rent

Rent Per SQFT

$1,990

$0.90
5617 Petunia Drive Mckinney, TX 5

4 beds 2 baths ∙ 2,280 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 1999
LEASED 07/22/20
Rent

Rent Per SQFT

$2,000

$0.88

PROPERTY LISTING DETAILS

Ken Stoneking
Three Trees Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463574
Last Updated: 11/01/2020

5821 Oldham Drive Mckinney, TX 75070

$325,000

$1,800

$91,875

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Johnson Elementary School

Evans Middle School

Mckinney High School

FINANCIALS

$292,500$357,50000$325,000

$1,620$1,98000$1,800

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$325,000

$1,800

0.55%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,199

1

$1,712

$325,000

$151.37

$303,833

$141.52

COMPS RANGE

PRICE COMPS ANALYSIS

$1,800

$0.84

$1,879

$0.88

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS