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3017 Bold Ruler Road Celina, TX 75009

4 Beds 4 Baths 2,878 sqft Built 2017

$524,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $182.38
  • 2 Days on Market
  • MLS # : 14496796
  • Updated Date : 01/09/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,878 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Gorgeous home in Mustang Lakes. Home feathers two bedrooms on the first floor. Guest suite on first floor features a beautiful upgraded walk in shower. French doors for study 5th bedroom with huge walk in closet. All downstairs lighting and ceiling fans have been replaced with stunning custom light fixtures and fans that elevate the rooms. Invite all your family and friends to join you on the extended covered patio. Outdoor living with a dreamy custom fireplace and outdoor kitchen. Plenty of room for a pool in the landscaped back yard. Large game room two bedrooms hall bathroom upstairs. Formal dining area open floorplan perfect for entertaining. Beautiful Large bedroom and bathroom complete owners retreat

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
Reynolds Middle School Middle Regular 1,048 68 8
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

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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,823
Property Tax -$832
Property Insurance -$194
HOA -$132
Property Management Fees -$99
CASH FLOW
-$450

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$524,900

PROJECTED PRICE

$2,630

PROJECTED RENT

0.50%

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) 8.00%
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-$10k-$5.0k$0.0$5.0k

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,727

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,6303$2,7004$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 3017 Bold Ruler Road Celina, TX 2
    • 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.91
    •  
  • 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
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.92
    •  
  • 2928 Bold Ruler Road Celina, TX 3
    • 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016
    property image
    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
    property image
    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
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lerla Crook
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496796
Last Updated: 01/09/2021
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