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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75009
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
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
-
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
Keller Williams Prosper Celina
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480635
Last Updated: 12/04/2020
