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3028 Eccleston Street Celina, TX 75009

4 Beds 2 Baths 2,337 sqft Built 2021

$443,995

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $189.99
  • 6 Days on Market
  • MLS # : 14494667
  • Updated Date : 01/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 2 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14494667 - Built by Highland Homes - April completion! ~ Perfect one story open floor plan, bay windows in master bedroom, separate walk in shower with freestanding tub in master bath, extended outdoor living area, fireplace in family room, 42-inch upper cabinets, under counter lights, quartz countertops, walk in pantry, 6-inch baseboards, 8-foot doors throughout. Designer selected upgrades.

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
Celina Elementary School Primary Regular 536 33 NA
Celina Middle School Middle Regular 337 27 8
Celina High School High Regular 677 44 7

Celina Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 33
NA
GreatSchools Rating

Celina Middle School

  • Education Level: Middle
  • # of students: 337
  • # of teachers: 27
8
GreatSchools Rating

Celina High School

  • Education Level: High
  • # of students: 677
  • # of teachers: 44
7
GreatSchools Rating
 

$399,596$488,395$443,995

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,542
Property Tax -$907
Property Insurance -$162
HOA -$135
Property Management Fees -$99
CASH FLOW
-$455

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.

$443,995

PROJECTED PRICE

$2,390

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,659

INVESTMENT

$119,659

Down Payment
$110,999
Rehab Estimate
$2,000
Closing Costs
$6,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,542

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,999
Loan Amount $332,996
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,407

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3004$2,390
$2,390
RENT COMPS ANALYSIS
  • 3028 Eccleston Street Celina, TX 4
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.02
    •  
  • 1913 Emilia Drive Celina, TX 1
    • 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,989 Sqft ∙ Built 2020
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.13
    •  
  • 1820 Emilia Drive Celina, TX 2
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 1813 Wayne Lane Celina, TX 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494667
Last Updated: 01/05/2021
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