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9909 Coyote Pass Trail Mckinney, TX 75071

3 Beds 3 Baths 2,029 sqft Built 2015

$340,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $167.57
  • 4 Days on Market
  • MLS # : 14530033
  • Updated Date : 03/13/2021 at 00:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,029 sqft
  • Baths : 2 full , 1 half
Listing Agent

William Davis Realty Frisco

Listing Agent's Description

Multiple Offers Absolutely beautiful immaculate well kept brick and stone home in clean lines and today's tone located in fantastic location with excellent schools welcoming to a great entry leads to warm family room with rich hardwoods floor and cast stone fireplace. An ideal floor plan with fabulous dining and kitchen with granite counters, gas range and ss appliances. Upstairs, spacious master suite with sitting area home office which overlooks to backyard view, Jack & Jill with split bedrooms. Backyard with impressive large covered patio to relax and more. Close to major highways and nice shopping centers. New roof and new garage door will be installed next week. Leaseback may be needed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,181
Property Tax -$640
Property Insurance -$144
HOA -$55
Property Management Fees -$99
CASH FLOW
-$190

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.

$340,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.57%

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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,9304$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 9909 Coyote Pass Trail Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.95
    •  
  • 10108 Horseshoe Lane Mckinney, TX 1
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2013
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 9812 Cottontail Lane Mckinney, TX 2
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 9917 Coyote Pass Trail Mckinney, TX 4
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2015
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 9801 Cottontail Lane Mckinney, TX 5
    • 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 2015
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
PROPERTY LISTING DETAILS
Farrah Akbari
William Davis Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530033
Last Updated: 03/13/2021
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