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909 Winter Creek Drive Mckinney, TX 75071

4 Beds 3 Baths 2,724 sqft Built 2019

$479,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $176.17
  • 3 Days on Market
  • MLS # : 14531704
  • Updated Date : 03/12/2021 at 18:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,724 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty

Listing Agent's Description

Don't miss this beautiful Chesmar home! Foyer with custom crown molding with high ceilings throughout. Office in the front off of foyer, three full baths, Main living area has vaulted ceilings with sliding glass doors, second living area between bedrooms. Upgraded light fixtures throughout, engineered hard woods in main areas & master, tile in bathrooms and carpet in secondary bedrooms, the two car garage has 5 ft extension, covered patio has extended stained concrete floor with hot tub and fireplace. Gas line hook up on patio. custom solid cedar barn door, large island in kitchen with quartz counters, double oven, gas cooktop, DuPure single stage water filter, full house gutters on exterior, Ring doorbell.

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

Zip Code: 75071

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k360k

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

Zip Code: 75071

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,667
Property Tax -$909
Property Insurance -$185
HOA -$100
Property Management Fees -$99
CASH FLOW
-$159

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.

$479,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,765

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7003$2,7004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 909 Winter Creek Drive Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 7401 Clear Rapids Drive Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 816 Heron Creek Pass Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
  • 7932 Krause Springs Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 400 Headwaters Drive Mckinney, TX 5
    • 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2018
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jennifer Shankle
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531704
Last Updated: 03/12/2021
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