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3762 Quail Hollow Celina, TX 75009

4 Beds 4 Baths 3,360 sqft Built 2002

$749,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $223.18
  • 2 Days on Market
  • MLS # : 14527953
  • Updated Date : 03/06/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,360 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty

Listing Agent's Description

Beautifully renovated, custom 4 bed, 4 bath home on 1 acre in Preston Hills! Open concept, split bedrooms. 3 beds down with ensuite baths. Large gourmet kitchen with island, induction cooktop, quartz, and SS appliances. Hardwood floors, recently replaced carpet, built-ins, plantation shutters, and lots of natural light! Upstairs media room + bed with full bath. 1 acre living with beautiful saltwater pool & spa! 3 car garage and extra storage shed. NO HOA! Convenient Celina location with easy access to the Celina Square and Gates of Prosper shopping, schools, Preston Rd, and Dallas North Tollway. All information deemed reliable, but not guaranteed. Seller is licensed realtor. Listing agent is seller's sister.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Celina Elementary School Primary Regular 536 33 NA
Celina Middle School Middle Regular 337 27 8
Celina High School High Regular 677 44 7

Celina Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 33
NA
GreatSchools Rating

Celina Middle School

  • Education Level: Middle
  • # of students: 337
  • # of teachers: 27
8
GreatSchools Rating

Celina High School

  • Education Level: High
  • # of students: 677
  • # of teachers: 44
7
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,605
Property Tax -$1,531
Property Insurance -$221
Property Management Fees -$99
CASH FLOW
-$1,636

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$749,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.38%

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) 8.00%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,822

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7003$2,8204$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 3762 Quail Hollow Celina, TX 3
    • 4 beds 4 baths ∙ 3,360 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,360 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.84
    •  
  • 323 Westphalian Drive Celina, TX 1
    • 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2017
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 925 Lawndale Street Celina, TX 2
    • 4 beds 4 baths ∙ 3,481 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,481 Sqft ∙ Built 2018
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 1615 Gardenia Street Celina, TX 4
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 1521 Lariat Drive Prosper, TX 5
    • 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2019
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rebecca Smith
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527953
Last Updated: 03/06/2021
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