Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9408 Saw Dust Drive Mckinney, TX 75072

4 Beds 3 Baths 2,599 sqft Built 2003

$355,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $136.59
  • 3 Days on Market
  • MLS # : 14493035
  • Updated Date : 01/08/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,599 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Wonderful 2 story home w~lovely curb-appeal in the highly desirable Winsor Meadows at Westridge. Merely a short distance to Westridge Golf Course. The open floor plan is spacious and abundance of natural light. The master suite and study located on 1st level. Three bedrooms, full bath, and game room upstairs. The oversized lot is spectacular showcasing sparkling pool with covered patio plus grassy area. Perfect for outdoor entertaining! Casual chef's delight kitchen presents stainless appliances, gas range (or electric), walk-in pantry, island and alongside breakfast area. Roof 2017, AC 2020, Furnace 2019, MW 2018, Gas Range 2020, DW 2018

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Winsor Meadows at Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Winsor Meadows at Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10282171

* 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
Gerald Sonntag Elementary School Primary Regular 688 43 NA
Sam And Ann Roach Middle School Middle Regular 963 68 10
Heritage High School High Regular 1,844 125 9

Gerald Sonntag Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 43
NA
GreatSchools Rating

Sam And Ann Roach Middle School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 68
10
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,233
Property Tax -$669
Property Insurance -$177
HOA -$41
Property Management Fees -$99
CASH FLOW
-$79

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$355,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,125

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1404$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 9408 Saw Dust Drive Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.82
    •  
  • 9505 Log Run Court Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2003
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 9405 Timber Wagon Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2004
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
  • 805 Royal Crest Court Mckinney, TX 4
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2003
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.83
    •  
  • 9720 Colonywood Drive Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Melanie Reneau
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493035
Last Updated: 01/08/2021
BESbswy