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1917 Emilia Drive Celina, TX 75009

3 Beds 2 Baths 2,276 sqft Built 2020

INVESTimate

$359,205

List Price

$2,130

$1,917 - $2,343

Rent Est.

$392,324  ( +9.22%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $157.82
  • 6 Days on Market
  • MLS # : 14408705
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Escape Realty

Listing Agent's Description

Built by MI Homes. This one-story home has an open-concept layout, 3 bedrooms, 2 full bathrooms, and 2 car garage. Warm wood flooring in the common living spaces adds character and warmth. The kitchen boasts light granite countertops, stainless steel appliances, a kitchen island lit by 3 chic pendant lights overhead, and is open to the dining and family room. The spacious family room area is perfect for watching TV or playing games. Enjoy an additional sitting area at the bay window in the owner's bedroom suite. The owners' bath includes both a tub and a separate shower with white and light gray tile accents. Entertain outside under the extended covered patio, the ideal space for all things outdoors!

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
 

$323,285$395,126$359,205

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

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-$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,325
Property Tax -$733
Property Insurance -$159
HOA -$58
Property Management Fees -$99
CASH FLOW
-$244

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$359,205

PROJECTED PRICE

$2,130

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.22%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,189

INVESTMENT

$97,189

Down Payment
$89,801
Rehab Estimate
$2,000
Closing Costs
$5,388

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,801
Loan Amount $269,404
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,2954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1917 Emilia Drive Celina, TX 1
    • 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.94
    •  
  • 1127 Hot Springs Way Celina, TX 2
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2017
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1917 Asher Celina, TX 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.01
    •  
  • 1820 Emilia Drive Celina, TX 4
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 800 Esk Avenue Celina, TX 5
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2018
    property image
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Cassian Bernard
Escape Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14408705
Last Updated: 08/22/2020
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