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4312 Dashland Drive Celina, TX 75009

4 Beds 3 Baths 2,934 sqft Built 2015

$373,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $127.13
  • 3 Days on Market
  • MLS # : 14483556
  • Updated Date : 12/12/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,934 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

OPEN HOUSE SAT 12.12.2020 1-3PM & SHOWINGS START AT 1PM. PICTURES WILL BE UP BY 1:00PM SAME DAY. FACES CHICKEN COOP PARK AND IS ON A CORNER LOT. On-site elementary. Popular & highly-rated Prosper ISD. Natural light abounds in open floor plan. 4 bedrooms, 3 full bathrooms, true study, true dining room. Chef's kitchen opens to living room & large enough for all of your furniture. Spacious EAST FACING SHADED back porch allows for exceptional outdoor living. This community is in a class of it's own. 13 miles hiking, biking trails, multiple pools & parks. Constellation park w beach, camp sites, fishing, and kayaking. Drive your golf cart to the on-site restaurant and full bar. Live in a resort! www.lightfarmstx.com

SEE MORE

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

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
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

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
 

$335,700$410,300$373,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,376
Property Tax -$821
Property Insurance -$197
HOA -$132
Property Management Fees -$99
CASH FLOW
$95

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.

$373,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.73%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,595

INVESTMENT

$104,595

Down Payment
$93,250
Rehab Estimate
$5,750
Closing Costs
$5,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,376

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,250
Loan Amount $279,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,934

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,720
1$2,7202$2,8003$2,8004$2,8505$2,990
$2,990
RENT COMPS ANALYSIS
  • 4312 Dashland Drive Celina, TX 1
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.93
    •  
  • 4110 Harper Avenue Celina, TX 2
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2017
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
  • 417 Barnstorm Drive Celina, TX 3
    • 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2015
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 4213 Harper Avenue Celina, TX 4
    • 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2018
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 420 Stableford Street Celina, TX 5
    • 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2016
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jason Carroll
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483556
Last Updated: 12/12/2020
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