Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75009
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$133,040
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,622 |
| Loan Amount | $370,867 |
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
-
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
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475991
Last Updated: 11/23/2020
