Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5909 Uplands Drive Mckinney, TX 75070

3 Beds 3 Baths 2,604 sqft Built 2017

INVESTimate

$460,000

List Price

$2,480

$2,232 - $2,728

Rent Est.

$497,398  ( +8.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $176.65
  • 6 Days on Market
  • MLS # : 14415482
  • Updated Date : 08/21/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,604 sqft
  • Baths : 2 full , 1 half
Listing Agent

Acquisto Real Estate

Listing Agent's Description

Step inside and be amazed by this like new single family Ashton Woods home! You will walk into an open floor plan featuring 11 foot ceilings and beautiful hard wood floors through out the first floor. The kitchen features an over sized island, quartz counter tops, stainless steel appliances including a single basin stainless steel sink, and upgraded cabinets all the way to ceiling. The owner's retreat features a large stand alone tub and an abundant amount of closet space. This corner lot also offers a large outdoor patio and yard.

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: Cooper Living Center

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k463k

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

Neighborhood: Cooper Living Center

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262906

* 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
Joyce Kelly Comstock Elementary School Primary Unknown 626 36 NA
Lawlor Middle School Middle Regular NA
Liberty High School High Regular 2,039 137 9

Joyce Kelly Comstock Elementary School

  • Education Level: Primary
  • # of students: 626
  • # of teachers: 36
NA
GreatSchools Rating

Lawlor Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,697
Property Tax -$866
Property Insurance -$178
HOA -$68
Property Management Fees -$99
CASH FLOW
-$428

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.

$460,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4803$2,5354$2,5955$2,600
$2,600
RENT COMPS ANALYSIS
  • 5909 Uplands Drive Mckinney, TX 2
    • 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.95
    •  
  • 5921 Exeter Avenue Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,792 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,792 Sqft ∙ Built 2016
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 6309 Smithwick Drive Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,609 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,609 Sqft ∙ Built 2017
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,535
    • $0.97
    •  
  • 7409 Collin Mckinney Parkway Mckinney, TX 4
    • 3 beds 4 baths ∙ 2,538 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,538 Sqft ∙ Built 2016
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
  • 7109 Collin Mckinney Parkway Mckinney, TX 5
    • 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2017
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shana Acquisto
Acquisto Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415482
Last Updated: 08/21/2020
BESbswy