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3317 Alexandra Lane Celina, TX 75009

5 Beds 6 Baths 3,926 sqft Built 2020

$658,992

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $167.85
  • 2 Days on Market
  • MLS # : 14467675
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,926 sqft
  • Baths : 5 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14467675 - Built by Highland Homes - May completion! ~ Two level future model home floor plan, open kitchen and family areas, large island, tons of cabinets, very high ceilings, Media room downstairs, Large private outdoor living space, spacious study up front, game room upstairs, very large secondary bedrooms up, in suite bathrooms, formal dining, large windows, master closet opens to utility room, great layout with a bunch of options, designed by IBB professionals

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
John A. Baker Elementary School Primary Regular 698 53 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

John A. Baker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 53
8
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
 

$593,093$724,891$658,992

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,431
Property Tax -$1,345
Property Insurance -$254
HOA -$139
Property Management Fees -$99
CASH FLOW
-$879

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.

$658,992

PROJECTED PRICE

$3,390

PROJECTED RENT

0.51%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,633

INVESTMENT

$176,633

Down Payment
$164,748
Rehab Estimate
$2,000
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,748
Loan Amount $494,244
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,337

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2253$3,390
$3,390
RENT COMPS ANALYSIS
  • 3317 Alexandra Lane Celina, TX 3
    • 5 beds 6 baths ∙ 3,926 Sqft ∙ Built 2020 5 beds 6 baths ∙ 3,926 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $0.86
    •  
  • 1700 Red Rose Trail Celina, TX 1
    • 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.85
    •  
  • 4271 Mesa Drive Prosper, TX 2
    • 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.85
    •  
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 #: 14467675
Last Updated: 11/07/2020
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