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2733 Boulder Creek Street Celina, TX 75078

4 Beds 4 Baths 3,589 sqft Built 2017

$465,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $129.56
  • 5 Days on Market
  • MLS # : 14460278
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,589 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Real Estate Mckinney

Listing Agent's Description

Practically New LENNAR 4 Bedroom, 3.1 Bath Home located minutes to the DNT and HWY 380! Granite counters; GE stainless appliances with built in gas range and electric oven; recessed LED lighting; upgraded ceramic tile in entry, all wet areas & kitchen backsplash; crown molding throughout; Energy saving features include programmable T Stat, radiant barrier & 16 SEER HVAC!! Upstairs features additional bedrooms & baths, large game room, separate media room. Prosper ISD. Community pool, parks and more! New roof in 2019. Large & private backyard has covered patio. Home is BEAUTIFULLY MAINTAINED!

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: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong 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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$1,716
Property Tax -$792
Property Insurance -$235
HOA -$54
Property Management Fees -$99
CASH FLOW
$144

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.

$465,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$40,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,203

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0403$3,1004$3,2505$3,600
$3,600
RENT COMPS ANALYSIS
  • 2733 Boulder Creek Street Celina, TX 2
    • 4 beds 4 baths ∙ 3,589 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,589 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $0.85
    •  
  • 2805 Driftwood Creek Trail Celina, TX 1
    • 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 911 Sabine Drive Prosper, TX 3
    • 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.89
    •  
  • 930 Sagebrush Drive Prosper, TX 4
    • 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
    •  
  • 861 Waterview Drive Prosper, TX 5
    • 4 beds 4 baths ∙ 3,858 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,858 Sqft ∙ Built 2016
    property image
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Saurabh Sethi
United Real Estate Mckinney
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460278
Last Updated: 10/30/2020
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