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9804 Beaver Dam Lane Mckinney, TX 75071

3 Beds 3 Baths 2,025 sqft Built 2016

$335,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $165.43
  • 3 Days on Market
  • MLS # : 14517768
  • Updated Date : 02/13/2021 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,025 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Meticulously cared for home in McKinney on oversized lot with covered back patio. This 3 bedroom, 2 bath home has upgraded wood look floor tile downstairs, upgraded backsplash in the kitchen with plenty of counter space and cabinets. Kitchen also has a nice sized pantry, stainless appliances, single bowl sink and oven with 5 burner gas cooktop. Oversized Master has plenty of room for a home office, sitting area or workout equipment. The other 2 bedrooms share a Jack and Jill bath. This home is centrally located with easy access to 121, 75, DNT, and 380 in the desirable Prosper ISD.

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
Judy Rucker Elementary School Primary Regular 781 47 8
Hays Middle School Middle Unknown NA
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Hays Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Prosper High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,164
Property Tax -$631
Property Insurance -$144
HOA -$55
Property Management Fees -$99
CASH FLOW
-$3

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.

$335,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.62%

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,0904$2,1505$2,175
$2,175
RENT COMPS ANALYSIS
  • 9804 Beaver Dam Lane Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.03
    •  
  • 9812 Cottontail Lane Mckinney, TX 1
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 9917 Coyote Pass Trail Mckinney, TX 2
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 9809 Fox Squirrel Trail Mckinney, TX 4
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 9908 Beaver Dam Mckinney, TX 5
    • 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2017
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lisa Rogers
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517768
Last Updated: 02/13/2021
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