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3983 Peregrine Point Celina, TX 75009

3 Beds 4 Baths 2,472 sqft Built 2001

$499,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $202.22
  • 4 Days on Market
  • MLS # : 14480635
  • Updated Date : 12/04/2020 at 11:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,472 sqft
  • Baths : 2 full , 2 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

One story home on one-acre lot. A circle drive welcomes you to this traditional home. 3bd 2ba with a half bath inside and also a half bath in the detached 3 car garage shop. The shop could be converted to a guest house or in-law suite. Large Master suite includes a custom closet and a separate vanity area in the bathroom. Wood floors in formal dining and formal living rooms. Perfect area for office or den. This property won't last long. Gorgeous acre-lot neighborhood in Celina ISD. See virtual 360 degree tour for the floorplan and video walk-through

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,844
Property Tax -$792
Property Insurance -$179
Property Management Fees -$99
CASH FLOW
-$625

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.

$499,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$2,1503$2,2904$2,3755$2,595
$2,595
RENT COMPS ANALYSIS
  • 3983 Peregrine Point Celina, TX 3
    • 3 beds 4 baths ∙ 2,625 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,625 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.87
    •  
  • 401 Tarpan Trail Celina, TX 1
    • 4 beds 2 baths ∙ 2,456 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,456 Sqft ∙ Built 2005
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 432 Winchester Drive Celina, TX 2
    • 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.75
    •  
  • 1412 Daisy Corner Drive Celina, TX 4
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2018
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.92
    •  
  • 805 Cobalt Drive Celina, TX 5
    • 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,911 Sqft ∙ Built 2019
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lerla Crook
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480635
Last Updated: 12/04/2020
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