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3032 Saltwood Celina, TX 75009

4 Beds 2 Baths 2,280 sqft Built 2021

$474,309

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $208.03
  • 4 Days on Market
  • MLS # : 14522160
  • Updated Date : 02/25/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,280 sqft
  • Baths : 2 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14522160 - Built by Highland Homes - July completion! ~ 1 story, 4 bed, 3 full baths, study, outdoor living, 2 car garage Fall in love with this open concept single story with 2 dining areas open to kitchen and family room, 4 bedrooms, 3 full baths with separate home office. Master suite features bay window with sitting area, freestanding tub with separate shower, extended outdoor living area and fabulous finishes throughout!

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: 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
 

$426,878$521,740$474,309

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,647
Property Tax -$968
Property Insurance -$159
HOA -$135
Property Management Fees -$99
CASH FLOW
-$639

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.

$474,309

PROJECTED PRICE

$2,370

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) 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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,692

INVESTMENT

$127,692

Down Payment
$118,577
Rehab Estimate
$2,000
Closing Costs
$7,115

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,577
Loan Amount $355,732
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,386

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,3004$2,370
$2,370
RENT COMPS ANALYSIS
  • 3032 Saltwood Celina, TX 4
    • 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.04
    •  
  • 1917 Asher Celina, TX 1
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
  • 1913 Emilia Drive Celina, TX 2
    • 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
    •  
  • 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 #: 14522160
Last Updated: 02/25/2021
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