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422 Camille Crossing Celina, TX 75009

4 Beds 2 Baths 1,965 sqft Built 2020

INVESTimate

$312,000

List Price

$2,070

$1,863 - $2,277

Rent Est.

$340,766  ( +9.22%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $158.78
  • 3 Days on Market
  • MLS # : 14419840
  • Updated Date : 08/25/2020 at 08:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 2 full
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.

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MARKET HIGHLIGHTS

  • . 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

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
 

$280,800$343,200$312,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,151
Property Tax -$637
Property Insurance -$141
HOA -$60
Property Management Fees -$99
CASH FLOW
-$18

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.

$312,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$84,680

INVESTMENT

$84,680

Down Payment
$78,000
Rehab Estimate
$2,000
Closing Costs
$4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,151

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,000
Loan Amount $234,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,058

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,0504$2,0705$2,095
$2,095
RENT COMPS ANALYSIS
  • 422 Camille Crossing Celina, TX 4
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.05
    •  
  • 319 Camille Crossing Celina, TX 1
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2019
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.04
    •  
  • 424 Tommie Lillian Lane Celina, TX 2
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.04
    •  
  • 3817 Bennett Trail Celina, TX 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.04
    •  
  • 415 Tommie Lillian Lane Celina, TX 5
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2020
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jagjit Singh
Jagjit Singh
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419840
Last Updated: 08/25/2020
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