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4134 Sanders Drive Celina, TX 75009

4 Beds 4 Baths 2,845 sqft Built 2016

$460,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $161.69
  • 3 Days on Market
  • MLS # : 14531242
  • Updated Date : 03/13/2021 at 20:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,845 sqft
  • Baths : 3 full , 1 half
Listing Agent

Elm Fork Realty

Listing Agent's Description

OPEN HOUSE March 13 9AM to 1PM Gorgeous 1.5 story American Legend Home in the highly sought-after Light Farms Community. PROSPER ISD! This meticulously maintained 4 bedroom, 3.5 bath home offers many features and upgrades including hand scrapped hardwood floors, upgraded kitchen with double oven, SS appliances, granite counter tops, formal dining room, his and her closets, and more. All 4 bedrooms are on the main level with the game room, media room, and half bath upstairs! This functional and spacious floor plan has an open and airy vibe. On-site elementary school, restaurant, hike & bike trails, dog park, tennis court, gym, 5 pools, and more! Agent owned property

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
Light Farms Elementary School Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Light Farms Elementary School

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

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
 

$414,000$506,000$460,000

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 -$1,598
Property Tax -$844
Property Insurance -$192
HOA -$11
Property Management Fees -$99
CASH FLOW
$77

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.

$460,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$27,465

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
  • $0.99

    LIST RENT PER SQFT
  • $2,980

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8203$2,8504$2,9905$3,100
$3,100
RENT COMPS ANALYSIS
  • 4134 Sanders Drive Celina, TX 2
    • 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.99
    •  
  • 913 Allbright Road Celina, TX 1
    • 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,708 Sqft ∙ Built 2016
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.02
    •  
  • 4213 Harper Avenue Celina, TX 3
    • 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
    •  
  • 4209 Switchgrass Street Celina, TX 4
    • 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 2018
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.10
    •  
  • 1611 Lilac Lane Celina, TX 5
    • 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2020
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Nikki Leos
Elm Fork Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531242
Last Updated: 03/13/2021
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