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2813 Riverbend Place Celina, TX 75009

3 Beds 3 Baths 2,927 sqft Built 2019

$494,489

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $168.94
  • 7 Days on Market
  • MLS # : 14475991
  • Updated Date : 11/23/2020 at 15:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,927 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14475991 - Built by First Texas Homes - May completion! ~ Beautiful White brick-stone-Black Shingles-3 Tandem +storage room! 8' drs w5 base! Open design with large rooms make this 1 sty a must! Main Living Luxury Vinyl Plank Wood floors; modern ledger panel white quartzite to 12ft direct vent gas FP! Enjoy the covered patio off the nook. White Kitch is open to the FR featuring whitegray L3 quartz tops-SS Frigidaire Prof appls-36 glass canopy hood-5 burner ct-builtin mico-oven-undercab light-white chelsea glass chevron BS; 42 in. shaker cabs-potspans-large walk-in pantry! Mstr ste has oversized shwr, framed mirrors! Util Cabs! Uplights! Fully automated home system! 18 SEER Bosch HVAC,

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
Lorene Rogers Middle School Middle Regular 1,184 72 9
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

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$445,040$543,938$494,489

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$1,824
Property Tax -$1,010
Property Insurance -$196
HOA -$38
Property Management Fees -$99
CASH FLOW
-$407

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.

$494,489

PROJECTED PRICE

$2,760

PROJECTED RENT

0.56%

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,040

INVESTMENT

$133,040

Down Payment
$123,622
Rehab Estimate
$2,000
Closing Costs
$7,417

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,622
Loan Amount $370,867
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,803

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,7003$2,7604$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 2813 Riverbend Place Celina, TX 3
    • 3 beds 3 baths ∙ 2,927 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,927 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.94
    •  
  • 1412 Daisy Corner Drive Celina, TX 1
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2018
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.92
    •  
  • 2928 Bold Ruler Road Celina, TX 2
    • 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
  • 3038 Seattle Slew Drive Celina, TX 4
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 2017
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.94
    •  
  • 1427 Daisy Corner Drive Celina, TX 5
    • 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2019
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475991
Last Updated: 11/23/2020
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