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3900 Estelleine Drive Celina, TX 75009

5 Beds 5 Baths 4,106 sqft Built 2014

$690,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $168.05
  • 2 Days on Market
  • MLS # : 14500692
  • Updated Date : 01/23/2021 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,106 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

Backyard entertaining at its finest. Resort style pool with attached spa and water slide for the kids! Fire pit and extended covered patio. Located in the master plan community of Light Farms with on site elementary within walking distance. Hardwood floors, open kitchen and Texas sized island is great for everyone to gather. Spacious master bedroom overlooks the pool. One extra bedroom downstairs. Media and Game room upstairs with three additional bedrooms. This Highland Home has everything you could ask for. Sitting on a corner lot, community features include basketball, volleyball, tennis courts and workout facility. Miles of hike and bike trails. Don't miss out on this opportunity.

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

Neighborhood: Light Farms

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k415k

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

Neighborhood: Light Farms

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
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

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
 

$621,000$759,000$690,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$2,397
Property Tax -$1,094
Property Insurance -$264
HOA -$144
Property Management Fees -$99
CASH FLOW
-$438

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.

$690,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,757

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,2503$3,4954$3,5605$4,600
$4,600
RENT COMPS ANALYSIS
  • 3900 Estelleine Drive Celina, TX 4
    • 5 beds 5 baths ∙ 4,106 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,106 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $0.87
    •  
  • 491 Evening Sun Drive Prosper, TX 1
    • 4 beds 5 baths ∙ 3,800 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,800 Sqft ∙ Built 2016
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.84
    •  
  • 930 Sagebrush Drive Prosper, TX 2
    • 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.84
    •  
  • 1310 Packsaddle Trail Prosper, TX 3
    • 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.89
    •  
  • 1310 Ellicott Drive Celina, TX 5
    • 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2017
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Evan Endicott
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500692
Last Updated: 01/23/2021
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