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9801 Coyote Pass Trail Mckinney, TX 75071

3 Beds 3 Baths 2,206 sqft Built 2016

$350,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $158.66
  • 1 Days on Market
  • MLS # : 14483181
  • Updated Date : 12/12/2020 at 22:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,206 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams No. Collin Cty

Listing Agent's Description

This NORTH FACING immaculate home is on an OVERSIZED LOT, in one of McKinney's most desirable neighborhoods, conveniently located within walking distance to the HOA amenities. Upon entering the home you will be greeted with high vaulted ceilings, beautiful tile floors on entire first floor and an inviting staircase. The entry leads to a large family room that opens up to the dining area and a kitchen with gorgeous granite counter tops, upgraded backsplash and an abundance of cabinets. Upstairs you will find two secondary bedrooms, a study and ample storage. Home is located in close proximity to shopping, restaurants and is zoned to Prosper ISD. This is a true gem!

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: Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k344k

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

Neighborhood: Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262413

* 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
Lorene Rogers Middle School Primary Regular 1,184 72 9
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Lorene Rogers Middle School

  • Education Level: Primary
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,291
Property Tax -$659
Property Insurance -$155
HOA -$20
Property Management Fees -$99
CASH FLOW
-$34

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.

$350,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,074

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1504$2,1905$2,250
$2,250
RENT COMPS ANALYSIS
  • 9801 Coyote Pass Trail Mckinney, TX 4
    • 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.99
    •  
  • 9908 Moccasin Creek Lane Mckinney, TX 1
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2015
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 9904 Cottontail Lane Mckinney, TX 2
    • 4 beds 4 baths ∙ 2,289 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,289 Sqft ∙ Built 2015
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 9801 Cottontail Lane Mckinney, TX 3
    • 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 2015
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 9913 Coyote Pass Trail Mckinney, TX 5
    • 4 beds 4 baths ∙ 2,289 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,289 Sqft ∙ Built 2015
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
Janie Nieto
Keller Williams No. Collin Cty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483181
Last Updated: 12/12/2020
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