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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $200.90
- 7 Days on Market
- MLS # : 14491165
- Updated Date : 12/28/2020 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,991 sqft
- Baths : 3 full , 1 half
Listing Agent
Britton Homes
Listing Agent's Description
BRITTON HOMES NEW CONSTRUCTION! Entry welcomes with 12-foot ceiling. Wood floors throughout. Open family room features wall of windows and a wood mantel fireplace. Kitchen hosts generous island with built-in seating space. Adjoining dining area features two walls of windows. Game room with French doors just off family room. Primary suite includes bedroom with 14-foot ceiling. Double doors leads to primary bath with dual vanities, garden tub, separate glass-enclosed shower and two large walk-in closets. A guest suite and Hollywood bath add to this spacious four-bedroom home. Extended covered backyard patio. Mud room off three-car garage.
SEE MORE
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75009
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$2,217 |
| Property Tax | -$1,227 | |
| Property Insurance | -$200 | |
| HOA | -$139 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$952
|
||
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.
$600,900
PROJECTED PRICE
$2,930
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$161,239
LOAN DETAILS
$2,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $150,225 |
| Loan Amount | $450,675 |
0
YEARS SAVED
$15
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,901
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3240 Alexandra Lane Celina, TX 4
- 4 beds 4 baths ∙ 2,991 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,991 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,930
- $0.98
-
2928 Bold Ruler Road Celina, TX 1
- 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 2
- 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 3
- 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2019
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,900
- $0.99
PROPERTY LISTING DETAILS
Britton Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491165
Last Updated: 12/28/2020
