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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $149.06
- 2 Days on Market
- MLS # : 14516209
- Updated Date : 02/20/2021 at 10:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,455 sqft
- Baths : 4 full
Listing Agent
Fathom Realty
Listing Agent's Description
This adorable home located in the highly-sought after Master Planned Community of Light Farms has it all! The open and airy floorplan creates the perfect space for entertaining & daily living! 3 CAR garage, Prosper ISD, on-site elementary school! Enjoy all of the amenities the amazing community has to offer as well! Hiking & biking trails, multiple playgrounds & pocket parks, greenbelts, neighborhood gardens, picnic areas & a community lawn for events & outdoor activities. 5 pools. state-of-the-art fitness center, tennis & pickle ball courts, basketball, sand volleyball, bocce ball, a 90 acre park with 11 acre lake & sanded beach entry, dog park & dog launch, kayak rentals, campsites, &outdoor event pavilion!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Light Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Light Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,060 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$968 | |
| Property Insurance | -$227 | |
| HOA | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$154
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$515,000
PROJECTED PRICE
$3,060
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$142,225
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
2.83
YEARS SAVED
$12,078
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,060
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$3,187
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3714 Noontide Lane Celina, TX 3
- 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,455 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $3,060
- $0.89
-
1425 Bridgewater Boulevard Celina, TX 1
- 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 2018
LEASED 05/19/20- Rent
- Rent Per SQFT
- $3,000
- $0.93
-
3725 Millstone Way Celina, TX 2
- 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
-
911 Sabine Drive Prosper, TX 4
- 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017
LEASED 08/22/19- Rent
- Rent Per SQFT
- $3,100
- $0.89
-
3625 Wagon Wheel Way Celina, TX 5
- 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2014
LEASED 08/30/19- Rent
- Rent Per SQFT
- $3,150
- $0.93
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516209
Last Updated: 02/20/2021
