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3433 Cimaron Drive Celina, TX 75078

4 Beds 4 Baths 3,124 sqft Built 2021

$451,725

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $144.60
  • 5 Days on Market
  • MLS # : 14499190
  • Updated Date : 01/13/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,124 sqft
  • Baths : 3 full , 1 half
Listing Agent

Trendmaker Homes Dfw, Llc

Listing Agent's Description

MLS# 14499190 - Built by Trendmaker Homes - March completion! ~ The Ethan is an inviting two-story plan that is designed to impress and offers plenty of room to grow. The kitchen is highlighted by a center island, abundant storage space, stainless steel appliances, walk-in pantry, and breakfast nook all open to the spacious family room offering plenty of natural light. Tucked away on the first floor is the roomy primary suite complete with a luxury master bath and huge walk-in closet. The flex room, additional bedroom with full bathroom, and laundry room are found on the first floor. The second floor provides a large gameroom and additional bedrooms with a full bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$406,553$496,898$451,725

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$1,569
Property Tax -$883
Property Insurance -$208
HOA -$54
Property Management Fees -$99
CASH FLOW
$158

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.

$451,725

PROJECTED PRICE

$2,970

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,707

INVESTMENT

$121,707

Down Payment
$112,931
Rehab Estimate
$2,000
Closing Costs
$6,776

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,569

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,931
Loan Amount $338,794
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$33,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,991

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9703$3,0004$3,0505$3,100
$3,100
RENT COMPS ANALYSIS
  • 3433 Cimaron Drive Celina, TX 2
    • 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.95
    •  
  • 2701 Driftwood Creek Trail Celina, TX 1
    • 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2016
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.00
    •  
  • 2805 Driftwood Creek Trail Celina, TX 3
    • 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,280 Sqft ∙ Built 2017
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 3725 Millstone Way Celina, TX 4
    • 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2013
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.94
    •  
  • 951 Rustic Lane Prosper, TX 5
    • 5 beds 4 baths ∙ 3,170 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,170 Sqft ∙ Built 2013
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Trendmaker Homes Dfw, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499190
Last Updated: 01/13/2021
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