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912 Queens Lake Trail Mckinney, TX 75071

3 Beds 2 Baths 2,026 sqft Built 2020

INVESTimate

$390,900

List Price

$2,020

$1,818 - $2,222

Rent Est.

$105,589

Investment Est.

$418,107 ( +6.96%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	6.20%
NOI	$9,044

15 YEAR
Yield	-0.44%
Appreciation	3.97%
TOTAL RETURN	16.92%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

August 25, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $192.94
2 Days on Market
MLS # : 14420354
Updated Date : 08/25/2020 at 22:00

CONSTRUCTION

Beds : 3
Floor Size : 2,026 sqft
Baths : 2 full

Listing Agent

Britton Homes

Listing Agent's Description

PERRY HOMES NEW CONSTRUCTION! Entry leads to open family room with wall of windows. Kitchen features corner walk-in pantry and generous island with built-in seating space. Dining area set just across from kitchen. Primary suite includes bedroom with wall of windows. Double doors lead to primary bath with dual vanities, corner garden tub, separate glass-enclosed shower and walk-in closet. Home Office with French doors set at back entrance. Secondary bedrooms feature walk-in closets. Extended covered backyard patio. Two-car garage.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 75071

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

Zip Code: 75071

* 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
Press Elementary School	Primary	Regular	495	40	5
Scott Johnson Middle School	Middle	Regular	876	65	6
Mckinney North High School	High	Regular	2,089	134	8

Press Elementary School

Education Level: Primary
# of students: 495
# of teachers: 40

GreatSchools Rating

Scott Johnson Middle School

Education Level: Middle
# of students: 876
# of teachers: 65

GreatSchools Rating

Mckinney North High School

Education Level: High
# of students: 2,089
# of teachers: 134

GreatSchools Rating

FINANCIALS

Learn how to read this

$351,810$429,99000$390,900

PURCHASE PRICE

$1,818$2,22200$2,020

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,020
EXPENSES	Loan Payment	-$1,442
	Property Tax	-$736
	Property Insurance	-$144
	HOA	-$100
	Property Management Fees	-$99



CASH FLOW -$502

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$390,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	6.96%
Maintenance Year (1-5)	3.00%
Vacancy	6.93%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$105,589

Down Payment	$97,725
Rehab Estimate	$2,000
Closing Costs	$5,864

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,442

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$97,725
Loan Amount	$293,175

See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,020
LIST RENT
$1
LIST RENT PER SQFT

$2,036
COMP ESTIMATED VALUE
$1.01
COMP AVG. RENT PER SQFT

Comps Range

$1,795

1$1,7952$1,9953$1,9954$1,9955$2,020

$2,020

RENT COMPS ANALYSIS

2,026
PROPERTY SQFT
$1.01
AVG RENT PER SQFT
$2,036
ESTIMATED VALUE
$2,020
LIST RENT

912 Queens Lake Trail Mckinney, TX 5

3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020
Price

Price Per SQFT

$390,900

$192.94
513 Lake Livingston Mckinney, TX 1

3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2019
SOLD 03/16/20
Price

Price Per SQFT

$328,990

$173.52
8809 Navidad Falls Drive Mckinney, TX 2

3 beds 2 baths ∙ 1,984 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 2020
SOLD 06/17/20
Price

Price Per SQFT

$339,900

$171.32
509 Mustang Draw Mckinney, TX 3

3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2019
SOLD 07/07/20
Price

Price Per SQFT

$340,430

$170.73
8729 Navidad Falls Drive Mckinney, TX 4

3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020
SOLD 06/16/20
Price

Price Per SQFT

$349,900

$179.44

912 Queens Lake Trail Mckinney, TX 5

3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,020

$1.00
2115 Laurel Street Melissa, TX 1

4 beds 2 baths ∙ 1,875 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 2018
LEASED 05/14/19
Rent

Rent Per SQFT

$1,795

$0.96
812 Llano Falls Drive Mckinney, TX 2

3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2014
LEASED 06/03/20
Rent

Rent Per SQFT

$1,995

$1.05
320 Lexington Avenue Melissa, TX 3

3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2019
LEASED 04/09/19
Rent

Rent Per SQFT

$1,995

$1.03
825 Llano Falls Drive Mckinney, TX 4

3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2014
LEASED 03/17/20
Rent

Rent Per SQFT

$1,995

$0.98

PROPERTY LISTING DETAILS

Larry Delzell
Britton Homes

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420354
Last Updated: 08/25/2020

912 Queens Lake Trail Mckinney, TX 75071

INVESTimate

$390,900

$2,020

$105,589

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Press Elementary School

Scott Johnson Middle School

Mckinney North High School

FINANCIALS

$351,810$429,99000$390,900

$1,818$2,22200$2,020

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$390,900

$2,020

0.52%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,442

0.25

$145

$390,900

$192.94

$352,023

$173.75

COMPS RANGE

PRICE COMPS ANALYSIS

$2,020

$1

$2,036

$1.01

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS