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1521 Fireside Trail Celina, TX 75009

5 Beds 5 Baths 4,162 sqft Built 2015

$700,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $168.19
  • 4 Days on Market
  • MLS # : 14529125
  • Updated Date : 03/12/2021 at 21:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,162 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Grand in scale and showcasing luxurious features throughout, this must-see home is for those who appreciate the finer things in life. This 2014 Darling built home includes 5 beds, 4.5 bathrooms, 3 car garage on a culdesac backed to a green belt! Home is LOADED in upgrades including shiplap ceiling, beams in family room, restoration hardware lighting, wooden stair case and plantation shutters throughout. Stunning hardwood floors flow throughout the main level including in the double-height entry, the formal dining room and the open-plan kitchen, breakfast nook and family room. Backyard offers plenty of room for entertaining, pets or play! Home will not last long in this condition and price point -schedule today!

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: 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
Light Farms Elementary School Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Light Farms Elementary School

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

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$2,431
Property Tax -$1,140
Property Insurance -$268
HOA -$137
Property Management Fees -$99
CASH FLOW
-$205

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.

$700,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.55%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$18,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $4,089

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4953$3,8704$4,5005$4,600
$4,600
RENT COMPS ANALYSIS
  • 1521 Fireside Trail Celina, TX 3
    • 5 beds 5 baths ∙ 4,162 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,162 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $0.93
    •  
  • 930 Sagebrush Drive Prosper, TX 1
    • 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.84
    •  
  • 1310 Packsaddle Trail Prosper, TX 2
    • 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.89
    •  
  • 1401 Ellicott Drive Celina, TX 4
    • 4 beds 4 baths ∙ 4,043 Sqft ∙ Built 2017 4 beds 4 baths ∙ 4,043 Sqft ∙ Built 2017
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.11
    •  
  • 1310 Ellicott Drive Celina, TX 5
    • 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2017
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Julie Barthalt
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529125
Last Updated: 03/12/2021
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