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809 Maples Avenue Mckinney, TX 75069

3 Beds 2 Baths 1,570 sqft Built 2019

$250,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $159.24
  • 3 Days on Market
  • MLS # : 14522632
  • Updated Date : 02/26/2021 at 07:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Pioneer Dfw Realty, Llc

Listing Agent's Description

Only 2 years old, blocks away from historical downtown and in award winning McKinney ISD. Home is designed in transitional traditional-modern style with 11ft ceilings through the whole house. Open floor concept with extended kitchen counter tops. Entire house is fitted with energy efficient LED lights. Light sensitive dusk to dawn outside light fixtures. Large closets. Remote control operated electrical fireplace. Features are too many to list. Set an appointment today and take a look for yourself.

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: Rockwall

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $65k344k

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

Neighborhood: Rockwall

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8232051

* 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
Finch Elementary School Primary Regular 426 41 3
Dowell Middle School Middle Regular 1,092 72 9
Mckinney High School High Regular 2,486 148 7

Finch Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 41
3
GreatSchools Rating

Dowell Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 72
9
GreatSchools Rating

Mckinney High School

  • Education Level: High
  • # of students: 2,486
  • # of teachers: 148
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$868
Property Tax -$471
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$36

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.

$250,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5203$1,5994$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 809 Maples Avenue Mckinney, TX 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.97
    •  
  • 416 Joyce Way Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2005
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 801 Healy Street Mckinney, TX 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 2004
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.96
    •  
  • 516 Tenison Lane Mckinney, TX 4
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2005
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
  • 913 S Kentucky Street Mckinney, TX 5
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Maxim Troshin
Pioneer Dfw Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522632
Last Updated: 02/26/2021
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