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3042 Seattle Slew Drive Celina, TX 75009

4 Beds 3 Baths 2,336 sqft Built 2018

$425,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $181.93
  • 5 Days on Market
  • MLS # : 14539210
  • Updated Date : 03/26/2021 at 10:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,336 sqft
  • Baths : 3 full
Listing Agent

Real Care Realty

Listing Agent's Description

Prosper ISD, OPEN 1-4 Sunday, No Showings Until then - Breathtaking 4-3 Home with office in Mustang Lakes! Breathtaking upgrades and customized trim boxes, casings, crown moldings and wood floors. A beautiful barn door offers an amazing guest suite with 3rd bath. The kitchen boasts a large island with upgraded appliances and quartz counters. The living room has has an amazing ship-lap wall with gorgeous corner gas fireplace. Comfy office has upgraded double glass etched doors. Large master suite is complete with bay window and master bath is finished with quartz counters and custom tile that is also reflected in the guest bath. Really there are too many upgrades to list. Accepting offers until 5PM Mon Mar 29

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,476
Property Tax -$694
Property Insurance -$162
HOA -$132
Property Management Fees -$99
CASH FLOW
-$53

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.

$425,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$15,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,616

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5104$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3042 Seattle Slew Drive Celina, TX 3
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.07
    •  
  • 3229 Sky Lane Celina, TX 1
    • 3 beds 2 baths ∙ 2,221 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,221 Sqft ∙ Built 2016
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 2927 Bold Ruler Road Celina, TX 2
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
  • 3005 Bold Ruler Road Celina, TX 4
    • 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,229 Sqft ∙ Built 2017
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
  • 2932 Seattle Slew Drive Celina, TX 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2018
    property image
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
George Elwell
Real Care Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539210
Last Updated: 03/26/2021
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