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

3012 Barton Creek Court Celina, TX 75078

4 Beds 3 Baths 2,122 sqft Built 2021

$383,499

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $180.73
  • 6 Days on Market
  • MLS # : 14476711
  • Updated Date : 11/24/2020 at 11:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Lennar's popular 1 story Buxton plan with 3 car garage on oversized cul de sac and pond view homesite (10,371sf)! 4 bedroom, 2.5 bath, formal dining, breakfast nook and open concept family and kitchen stainless steel appliances, white cabinets with gray granite, and grayish tile plank that looks like hardwood throughout excluding bedrooms. 3 car garage, covered patio, gas stub, fireplace, and formal dining. Great community amenities 2 pools, clubhouse with kitchen, workout facility. Shopping and dining nearby at Gates of Prosper *Square Footage subject to change due to optional rooms.* THIS HOME COMPLETE MARCH 2021!!!

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
 

$345,149$421,849$383,499

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,415
Property Tax -$749
Property Insurance -$150
HOA -$54
Property Management Fees -$99
CASH FLOW
-$217

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.

$383,499

PROJECTED PRICE

$2,250

PROJECTED RENT

0.59%

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) 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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,627

INVESTMENT

$103,627

Down Payment
$95,875
Rehab Estimate
$2,000
Closing Costs
$5,752

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,415

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,875
Loan Amount $287,624
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,244

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,2754$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 3012 Barton Creek Court Celina, TX 2
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 3524 Osage River Trail Celina, TX 1
    • 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 2019
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 2735 Salt Creek Way Celina, TX 3
    • 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2019
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.09
    •  
  • 4320 Caney Creek Circle Celina, TX 4
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2019
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
  • 4224 Cibolo Creek Trail Celina, TX 5
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2019
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476711
Last Updated: 11/24/2020
BESbswy