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2605 War Admiral Street Celina, TX 75009

3 Beds 3 Baths 2,424 sqft Built 2020

$459,899

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $189.73
  • 5 Days on Market
  • MLS # : 14462878
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY in the award-winning Mustang Lakes! The Eastwood plan is a single-story home with an enclosed study, tray ceiling and French doors to create a perfect home office. The additional space in the garage is ideal for a workshop and storage. Don't forget to ask about our 1-2-10 Year Warranty and SAVE BIG with our Energy Saver Program!

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
Cynthia A. Cockrell Elementary School Primary Regular 778 54 10
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Cynthia A. Cockrell Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 54
10
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
 

$413,909$505,889$459,899

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,697
Property Tax -$729
Property Insurance -$167
HOA -$132
Property Management Fees -$99
CASH FLOW
-$104

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.

$459,899

PROJECTED PRICE

$2,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,873

INVESTMENT

$123,873

Down Payment
$114,975
Rehab Estimate
$2,000
Closing Costs
$6,898

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,924
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,751

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,5503$2,6004$2,7205$2,750
$2,750
RENT COMPS ANALYSIS
  • 2605 War Admiral Street Celina, TX 4
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.12
    •  
  • 2932 Seattle Slew Drive Celina, TX 1
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.02
    •  
  • 3123 Cavalry Way Celina, TX 2
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 2020
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.13
    •  
  • 3005 Bold Ruler Road Celina, TX 3
    • 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
  • 2923 Bold Ruler Road Celina, TX 5
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2018
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462878
Last Updated: 10/30/2020
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