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

2836 Hackberry Creek Trail Celina, TX 75078

4 Beds 4 Baths 3,406 sqft Built 2019

INVESTimate

$420,000

List Price

$1,910

$1,719 - $2,101

Rent Est.

$441,210  ( +5.05%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $123.31
  • 5 Days on Market
  • MLS # : 14417799
  • Updated Date : 08/22/2020 at 11:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,406 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

ll Prosper ISD ll SELLER RELO has created opportunity to buy recently built Beazer Blackburn model floor plan. Hottest style selections, oversized lot & upgrades throughout. Herringbone backsplash. First floor ensuite bedroom or home office. Quartz counters & fab island. Stainless appliances. Gas cooktop. Tile floors thru living, dining & kitchen. Gas burning fireplace. Covered porches & huge extended patio. Dreamy laundry room. Escape busy city life but still enjoy quick access to high-end shopping, restaurants & major employers. Amenity Center w indoor kitchen & living, party room, fitness area, family & lap pool, playground, tennis & basketball courts, hike & bike trails. Catch & release fishing pond.

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,550
Property Tax -$821
Property Insurance -$224
HOA -$54
Property Management Fees -$99
CASH FLOW
-$837

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.

$420,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.05%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,300

INVESTMENT

$113,300

Down Payment
$105,000
Rehab Estimate
$2,000
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$28

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $3,074

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$2,8503$3,0004$3,1005$3,150
$3,150
RENT COMPS ANALYSIS
  • 2836 Hackberry Creek Trail Prosper, TX 1
    • 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.56
    •  
  • 3725 Millstone Way Celina, TX 2
    • 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.88
    •  
  • 2805 Driftwood Creek Trail Celina, TX 3
    • 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 911 Sabine Drive Prosper, TX 4
    • 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.89
    •  
  • 3625 Wagon Wheel Way Celina, TX 5
    • 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2014
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.93
    •  
PROPERTY LISTING DETAILS
Sheri Matthews
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417799
Last Updated: 08/22/2020
BESbswy