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2511 Appaloosa Lane Celina, TX 75009

3 Beds 2 Baths 2,050 sqft Built 2015

$311,100

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $151.76
  • 2 Days on Market
  • MLS # : 14505458
  • Updated Date : 01/23/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Come see this well cared for 3 bedroom, 2 full bathroom, single-story home in the heart of Celina! As you walk through the front door you will love seeing the upgraded study with dark wood french doors. The living room is super cozy featuring a wood-burning fireplace. The well-appointed kitchen is open to the living room and features granite countertops, stainless steel appliances, and a walk-in pantry. The dreamy primary bedroom features a beautiful bay window, an en-suite bathroom that offers a nice soaking tub, separate shower, and double vanities. The huge backyard features a fireplace on the back patio perfect for entertaining friends and family. Conveniently located to minutes to downtown Celina square!

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

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
 

$279,990$342,210$311,100

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,081
Property Tax -$514
Property Insurance -$146
HOA -$57
Property Management Fees -$99
CASH FLOW
-$105

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.

$311,100

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,192

INVESTMENT

$88,192

Down Payment
$77,775
Rehab Estimate
$5,750
Closing Costs
$4,667

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,775
Loan Amount $233,325
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7904$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 2511 Appaloosa Lane Celina, TX 3
    • 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.87
    •  
  • 311 Tarpan Trail Celina, TX 1
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 306 Tarpan Trail Celina, TX 2
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 2515 Appaloosa Lane Celina, TX 4
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2015
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 2803 Saddlebred Trail Celina, TX 5
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2006
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505458
Last Updated: 01/23/2021
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