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7220 San Saba Drive Mckinney, TX 75070

4 Beds 4 Baths 2,589 sqft Built 2018

$437,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $168.79
  • 7 Days on Market
  • MLS # : 14501306
  • Updated Date : 01/20/2021 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,589 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sawyer Realty Group

Listing Agent's Description

Like NEW, LUXURY 4 BR in CRAIG RANCH offering HIGH-END finishes and DESIGNER details. OPEN FLOOR plan with MASTER bedroom DOWNSTAIRS and 3 BR upstairs. Easy access to HWY.-121 & 75 for commute, shopping and etc. Just steps from your doorstep, you'll find everything from walking TRAILS to STATE-OF-ART sport and FITNESS facilities, an ICE RINK, a five-star TPC GOLF course, BEACH sand courts and even a SPA! Spacious GOURMET KITCHEN with custom cabinets, granite countertops and stainless steel appliances. Large MASTER SUITE with HUGE master CLOSET and bathroom with SEPARATE WALK-IN SHOWER. Low maintenance landscaping. Easy to show! Call your agent to schedule a showing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: McKinney

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k356k

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

Neighborhood: McKinney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262358

* 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
Evans Elementary School Primary Regular 633 41 10
Evans Elementary School Middle Regular 633 41 10
Lowery Freshman Center High Regular 1,571 104 8

Evans Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 41
10
GreatSchools Rating

Evans Elementary School

  • Education Level: Middle
  • # of students: 633
  • # of teachers: 41
10
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating
 

$393,300$480,700$437,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,518
Property Tax -$823
Property Insurance -$177
HOA -$74
Property Management Fees -$99
CASH FLOW
$49

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.

$437,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,555

INVESTMENT

$121,555

Down Payment
$109,250
Rehab Estimate
$5,750
Closing Costs
$6,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,250
Loan Amount $327,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$23,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,693

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,6504$2,7405$2,750
$2,750
RENT COMPS ANALYSIS
  • 7220 San Saba Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 2,589 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,589 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.06
    •  
  • 7109 Collin Mckinney Parkway Mckinney, TX 1
    • 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
    •  
  • 7204 Caladium Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2019
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.02
    •  
  • 7225 San Saba Drive Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2018
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.04
    •  
  • 7005 Collin Mckinney Parkway Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2019
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Noriko Danh
Sawyer Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501306
Last Updated: 01/20/2021
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