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401 Camille Crossing 
Celina, TX
75009
4 Beds 3 Baths 2,692 sqft
Built 2020
INVESTimate
$371,500
List Price
$100,448
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $138.00
- 3 Days on Market
- MLS # : 14419871
- Updated Date : 08/25/2020 at 08:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,692 sqft
- Baths : 2 full , 1 half
Listing Agent
Jagjit Singh
Listing Agent's Description
Ask about our MEGAsale promotion of 6 months mortgage on us. Megatel Homes will credit the first 6 months of your new mortgage payment. See your community sales consultant for full details. contract and MEGA sale addendum must be signed between July 23rd through August 31st, 2020. Mortgage payment refers to principal and interest only. Additional restrictions apply. Megatel Homes reserves the right to change or cancel the program at any time.
SEE MORE
- . 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)
- 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)
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$1,371 |
| Property Tax | -$759 | |
| Property Insurance | -$183 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$139
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$371,500
PROJECTED PRICE
$2,610
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.22% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$100,448
LOAN DETAILS
$1,371
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,875 |
| Loan Amount | $278,625 |
6.5
YEARS SAVED
$33,919
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,611
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
401 Camille Crossing Celina, TX 2
- 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,610
- $0.97
-
4128 Winslow Drive Celina, TX 1
- 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2017
LEASED 09/11/19- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
4220 Harper Avenue Celina, TX 3
- 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2017
LEASED 11/07/19- Rent
- Rent Per SQFT
- $2,800
- $1.01
-
4213 Harper Avenue Celina, TX 4
- 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2018
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,850
- $1.02
-
3732 Homeplace Drive Celina, TX 5
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2020
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,875
- $1.03
PROPERTY LISTING DETAILS
Jagjit Singh
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419871
Last Updated: 08/25/2020
