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3016 Barton Creek Court Celina, TX 75078

4 Beds 3 Baths 2,973 sqft Built 2021

$432,899

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $145.61
  • 6 Days on Market
  • MLS # : 14476716
  • Updated Date : 11/24/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,973 sqft
  • Baths : 3 full
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Lennar's popular 2 story Alabaster with 3 car garage on gorgeous corner homesite backing to pond at Creeks of Legacy! Beautiful brick and stone elevation. Feels like a vacation home with pond views across the back of home. 4 bedrooms, 3.5 baths, study, game, media, and open concept family and kitchen to covered patio with gas stub. Built in stainless steel appliances, all white kitchen-Tile plank flooring - Master and 2nd bed down; 2 beds, jack and jill bath, game, media, powder bath up. Energy saving features incl. programmable T stat, radiant barrier, 16 SEER HVAC & much more. Wi-Fi Certified. MOVE IN READY 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
 

$389,609$476,189$432,899

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,597
Property Tax -$846
Property Insurance -$199
HOA -$54
Property Management Fees -$99
CASH FLOW
$235

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.

$432,899

PROJECTED PRICE

$3,030

PROJECTED RENT

0.70%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,718

INVESTMENT

$116,718

Down Payment
$108,225
Rehab Estimate
$2,000
Closing Costs
$6,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,225
Loan Amount $324,674
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$49,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,070

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7003$3,0304$3,1005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3016 Barton Creek Court Celina, TX 3
    • 4 beds 3 baths ∙ 2,973 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,973 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $1.02
    •  
  • 4308 Salado Creek Way Celina, TX 1
    • 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2018
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.00
    •  
  • 2909 Driftwood Creek Trail Celina, TX 2
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
  • 4428 Canadian River Drive Celina, TX 4
    • 5 beds 4 baths ∙ 2,900 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,900 Sqft ∙ Built 2020
    property image
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
  • 4416 Rainwater Creek Way Celina, TX 5
    • 5 beds 4 baths ∙ 2,876 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,876 Sqft ∙ Built 2019
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $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 #: 14476716
Last Updated: 11/24/2020
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