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1425 Wildrye Ridge Celina, TX 75009

5 Beds 4 Baths 3,109 sqft Built 2013

$585,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $188.16
  • 4 Days on Market
  • MLS # : 14488675
  • Updated Date : 12/24/2020 at 11:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,109 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

WATER VIEW! Claim this 5-bedr, 3-car garage gem in the resort-style Light Farms community! This DREES home comes w high ceilings, architectural upgrades + sprawling wood floors through the entire 1st floor. A Spectacular gourmet kitchen boasts an over-sized granite island, double oven + 5-burner gas range. Relax in front of a gorgeous stone fireplace or on your patio, overlooking the wildlife at the pond + green belt. Walk to community center + LF Elementary. Enjoy a neighborhood w 13+ miles of trails, 240 acres green space, 5 pools, a gym, private lake w canoes + beach, ponds, a café, tennis, volley, basket + pickle ball, playgrounds, community gardens, a dog park, camp sites + community events... TOP SCHOOLS!

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: Light Farms

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k415k

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

Neighborhood: Light Farms

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
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

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

$526,500$643,500$585,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,158
Property Tax -$974
Property Insurance -$207
HOA -$137
Property Management Fees -$99
CASH FLOW
-$506

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.

$585,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,008

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,0504$3,0705$3,100
$3,100
RENT COMPS ANALYSIS
  • 1425 Wildrye Ridge Celina, TX 4
    • 5 beds 4 baths ∙ 3,109 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,109 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.99
    •  
  • 4110 Harper Avenue Celina, TX 1
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2017
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
  • 1425 Bridgewater Boulevard Celina, TX 2
    • 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 2018
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.93
    •  
  • 3725 Millstone Way Celina, TX 3
    • 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.94
    •  
  • 1611 Lilac Lane Celina, TX 5
    • 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2020
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Karola Sajuns
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488675
Last Updated: 12/24/2020
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