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2828 River Bend Place Celina, TX 75009

5 Beds 4 Baths 3,796 sqft Built 2021

$572,792

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.89
  • 6 Days on Market
  • MLS # : 14498311
  • Updated Date : 01/15/2021 at 08:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,796 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14498311 - Built by First Texas Homes - June completion! ~ Prem design wstone; 8' garg drs-oversized garg-19' flat FR ceil wdbl stack wndws -Curve Staircase-Open concept kitc wcalif island, lots of cabs & ct space! L3 quartz cts-42 white ptd shaker cabs-upg chelsea glass chevron gray taupe bs-Butlers pantry, frigidaire pro series ss appls-5 burner 36 gas ct, builtin walloven, pot pans, 2can trash drwr, undercab lights, vented glass ss canopy venthood! Satin nickel-dn luxury vinyl plank living area flrs, ledger panel white quartzite to 12ft hgt gas fp; Util Cabs, Gauntlet Gray media rm-TaupeGraywhite color scheme thruout. Huge covered Patio-Tankless-Home automation-dupure Bosch 18 seer

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$515,513$630,071$572,792

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$1,990
Property Tax -$1,169
Property Insurance -$247
HOA -$38
Property Management Fees -$99
CASH FLOW
-$302

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.

$572,792

PROJECTED PRICE

$3,240

PROJECTED RENT

0.57%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,790

INVESTMENT

$153,790

Down Payment
$143,198
Rehab Estimate
$2,000
Closing Costs
$8,592

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,198
Loan Amount $429,594
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,227

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2253$3,240
$3,240
RENT COMPS ANALYSIS
  • 2828 River Bend Place Celina, TX 3
    • 5 beds 4 baths ∙ 3,796 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,796 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.85
    •  
  • 1700 Red Rose Trail Celina, TX 1
    • 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.85
    •  
  • 4271 Mesa Drive Prosper, TX 2
    • 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.85
    •  
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 #: 14498311
Last Updated: 01/15/2021
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