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9825 Hedge Bell Drive Mckinney, TX 75072

3 Beds 2 Baths 1,732 sqft Built 2004

$280,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $161.66
  • 4 Days on Market
  • MLS # : 14516466
  • Updated Date : 02/12/2021 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,732 sqft
  • Baths : 2 full
Listing Agent

Hummingbird Realty

Listing Agent's Description

Multiple offers received, highest and best offers due by 5 p.m. on Sunday, 02.14.21. Last showing allowed will be 11:30 a.m. Sunday, 02.14.21. Kitchen remodeled in 2020 - Quartz countertops, marble backsplash, slide-out drawers in lower cabinets. Coffee nook could be an office. Elfa closet system in master closet, Elfa storage system in Master nook, 2020. Front yard sod & landscaping 2018, back yard fencing replaced 2019. Siding is cement board - fire retardant! Foundation passed structural integrity inspection. Structural Engineering Report, Sellers Disclosure, Survey in Transaction Desk. Buyer and Buyer agent to verify all information provided for this listing, including schools, room measurements.

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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: 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 Unknown 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:
  • # of teachers:
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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$973
Property Tax -$527
Property Insurance -$127
HOA -$42
Property Management Fees -$99
CASH FLOW
$22

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.

$280,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,7754$1,7905$1,800
$1,800
RENT COMPS ANALYSIS
  • 9825 Hedge Bell Drive Mckinney, TX 4
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.03
    •  
  • 9812 Hedge Bell Drive Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2005
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 9805 Hedge Bell Drive Mckinney, TX 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.02
    •  
  • 9801 Hedge Bell Drive Mckinney, TX 3
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.08
    •  
  • 9840 Hedge Bell Drive Mckinney, TX 5
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2004
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Joyce Kelly
Hummingbird Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516466
Last Updated: 02/12/2021
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