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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $201.82
- 2 Days on Market
- MLS # : 14467723
- Updated Date : 11/07/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,945 sqft
- Baths : 3 full , 1 half
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14467723 - Built by Highland Homes - May completion! ~ Single level ranch floor plan, great profile with beautiful dormers, large family room, cozy kitchen and dining room space, Media room, study, flex-gen suite like a second master bedroom, large master closet opens up to utility room, double door entryway, sliding doors to large, private patio, front porch, beautifully decorated by IBB professional designers.
SEE MORE
- . 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
* 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 | $2,790 |
| EXPENSES | Loan Payment | -$2,193 |
| Property Tax | -$1,214 | |
| Property Insurance | -$197 | |
| HOA | -$139 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,052
|
||
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.
$594,360
PROJECTED PRICE
$2,790
PROJECTED RENT
0.47%
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
$159,505
LOAN DETAILS
$2,193
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,590 |
| Loan Amount | $445,770 |
-0.08
YEARS SAVED
-$13
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,812
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3248 Alexandra Lane Celina, TX 3
- 3 beds 4 baths ∙ 2,945 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,945 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,790
- $0.95
-
1429 Red Rose Trail Celina, TX 1
- 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2018
LEASED 05/22/19- Rent
- Rent Per SQFT
- $2,500
- $0.91
-
2928 Bold Ruler Road Celina, TX 2
- 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,748 Sqft ∙ Built 2016
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
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
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,900
- $0.99
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14467723
Last Updated: 11/07/2020
