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6912 Boulder Lake Road Mckinney, TX 75072

4 Beds 5 Baths 3,880 sqft Built 2001

$675,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.97
  • 2 Days on Market
  • MLS # : 14508447
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,880 sqft
  • Baths : 4 full , 1 half
Listing Agent

Fraser Realty

Listing Agent's Description

Stunning Darling Custom home on corner lot with gorgeous outdoor living space! This home features an updated kitchen with subzero fridge, a bedroom en suite on the first floor with separate entrance, 2 living areas down, private office with wine fridge off master. media room with wet bar, game room, large master bedroom with walk out to back patio, 3 car garage with epoxy floors, custom cabinetry and insulated doors, granite counters in all bathrooms, central vac system and so much more! Don't miss your chance to see it!

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: Lakeside Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k658k

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

Neighborhood: Lakeside Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264168

* 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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,345
Property Tax -$1,271
Property Insurance -$251
HOA -$68
Property Management Fees -$99
CASH FLOW
-$1,124

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.

$675,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.43%

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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$39

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,114

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$2,9103$3,0504$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6912 Boulder Lake Road Mckinney, TX 2
    • 4 beds 5 baths ∙ 3,880 Sqft ∙ Built 2001 4 beds 5 baths ∙ 3,880 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.75
    •  
  • 417 Maple Leaf Lane Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2002
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.76
    •  
  • 1508 Woodhaven Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.77
    •  
  • 7900 Linksview Drive Mckinney, TX 4
    • 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 910 Parkwood Court Mckinney, TX 5
    • 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jessica Manuel
Fraser Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508447
Last Updated: 01/29/2021
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