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1024 Bluebird Way Celina, TX 75009

4 Beds 3 Baths 2,629 sqft Built 2018

$350,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $133.13
  • 4 Days on Market
  • MLS # : 14517529
  • Updated Date : 02/11/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,629 sqft
  • Baths : 3 full
Listing Agent

Keller Williams North Country

Listing Agent's Description

Stunning nearly new home with all the right touches! Nestled on quiet Bluebird Way and originally built by DR Horton; this Lawrence floor-plan celebrates both beauty & functionality with an open floor plan that exceeds all expectations. 4 bedrooms, 3 full bathrooms, plus an upstairs loft, lifestyle room, and full bath. Large, bright, gourmet kitchen with eat-in island, abundant shelves, gas cook-top and Frigidaire appliances. Luxurious owners retreat features an oversized walk-in shower with bench and large master closet. Backyard with beautiful custom extended patio is an entertainers dream! Walking distance to the park, community pool, O'Dell elementary school & Collin College. Welcome home!

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

Zip Code: 75009

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k415k

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

Zip Code: 75009

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262435

* 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
Celina Elementary School Primary Unknown NA
Celina Middle School Middle Unknown NA
Celina High School High Unknown NA

Celina Elementary School

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

Celina Middle School

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

Celina High School

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

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

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,216
Property Tax -$578
Property Insurance -$179
HOA -$46
Property Management Fees -$99
CASH FLOW
$53

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

$2,170

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1704$2,2005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1024 Bluebird Way Celina, TX 3
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.83
    •  
  • 406 Paddock Lane Celina, TX 1
    • 5 beds 3 baths ∙ 2,543 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,543 Sqft ∙ Built 2014
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 516 Mustang Trail Celina, TX 2
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2007
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 513 Winchester Drive Celina, TX 4
    • 5 beds 3 baths ∙ 2,607 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,607 Sqft ∙ Built 2011
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 949 Bluebird Way Celina, TX 5
    • 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2018
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Christopher Baker
Keller Williams North Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517529
Last Updated: 02/11/2021
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