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7413 Kickapoo Drive Mckinney, TX 75070

4 Beds 4 Baths 2,883 sqft Built 2017

INVESTimate

$470,000

List Price

$2,630

$2,380 - $2,880

Rent Est.

$508,211  ( +8.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $163.02
  • 6 Days on Market
  • MLS # : 14417563
  • Updated Date : 08/25/2020 at 09:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,883 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors- Pros

Listing Agent's Description

Relax and enjoy the lifestyle that Craig Ranch has to offer at this Ashton Woods home. Open floor plan with high ceilings welcomes you. Texas sized Island overlooking dining and living area is great for entertaining with plenty of counter and cabinet space in the kitchen. Hardwoods throughout first floor living areas. Upstairs features three bedrooms and large game room for the kiddos. Community amenities at Craig Ranch include youth center, meeting rooms, Olympic size swimming pool, jogging and bike paths, gym, spa, and plenty of park space. Great location with easy access to Hwy. 121. Frisco ISD schools with a planned elementary across the street. This charmer is a must see. Make your appointment today!

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,367$2,893$2,630

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$10k

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 $2,630
EXPENSES Loan Payment -$1,734
Property Tax -$885
Property Insurance -$194
HOA -$61
Property Management Fees -$99
CASH FLOW
-$343

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.

$470,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.56%

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,631

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6303$2,7004$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 7413 Kickapoo Drive Mckinney, TX 2
    • 4 beds 4 baths ∙ 2,883 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,883 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.91
    •  
  • 7800 Kickapoo Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2006
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.84
    •  
  • 5909 Mayhew Court Mckinney, TX 3
    • 4 beds 4 baths ∙ 2,902 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,902 Sqft ∙ Built 2016
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 5905 Mayhew Court Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2016
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 6005 Millie Way Mckinney, TX 5
    • 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2015
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Evan Endicott
Ebby Halliday, Realtors- Pros
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417563
Last Updated: 08/25/2020
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