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1441 Clayton Lane Celina, TX 75009

4 Beds 4 Baths 3,001 sqft Built 2014

$352,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $117.29
  • 3 Days on Market
  • MLS # : 14512731
  • Updated Date : 02/12/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,001 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

INVESTORS DREAM With A Built In Tenant. SPECIAL BUYER FINANCING. House is currently leased until 8.31.21 with renewal option available. Open floor plan in great neighborhood with fenced yard, neighborhood playground and Community Pool. This updated D R Horton Home Is In A Great location, Has Hardwood Floors, 10 foot ceilings, Granite Countertops, Cozy Covered Patio, Fireplace, Kitchen Island, Sprinkler System, and Security Alarm. 1st Level Contains Formal Dining area, Kitchen, Pantry, Breakfast nook, Living area, Powder Room, Master Bedroom & Bathroom with a Good Sized Walk-in closet. Upstairs has a Large Game room, 3 bedrooms, 2 full Bathrooms & Walk-in access to Attic Storage.

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 Regular 536 33 NA
Celina Middle School Middle Regular 337 27 8
Celina High School High Regular 677 44 7

Celina Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 33
NA
GreatSchools Rating

Celina Middle School

  • Education Level: Middle
  • # of students: 337
  • # of teachers: 27
8
GreatSchools Rating

Celina High School

  • Education Level: High
  • # of students: 677
  • # of teachers: 44
7
GreatSchools Rating
 

$316,800$387,200$352,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,223
Property Tax -$689
Property Insurance -$201
HOA -$42
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.

$352,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.64%

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

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$99,030

INVESTMENT

$99,030

Down Payment
$88,000
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,000
Loan Amount $264,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2504$2,700
$2,700
RENT COMPS ANALYSIS
  • 1441 Clayton Lane Celina, TX 3
    • 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 1200 Stone Lane Celina, TX 1
    • 4 beds 4 baths ∙ 2,696 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,696 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 1221 Stone Lane Celina, TX 2
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 3812 Horseshoe Trail Celina, TX 4
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2020
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Terri Mccoy
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512731
Last Updated: 02/12/2021
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