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513 Andalusian Trail Celina, TX 75009

4 Beds 3 Baths 2,273 sqft Built 2011

$300,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $131.98
  • 1 Days on Market
  • MLS # : 14475708
  • Updated Date : 11/21/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,273 sqft
  • Baths : 3 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Beautifully renovated home in desirable Carter Ranch! This 3-3-2 versatile floor plan with tons of windows has a huge room plus full bath upstairs that could be used as another bdrm or as a bonus room (pre wired for surround sound system). All new flooring throughout with beautiful hardwood looking tile floors and new carpet. Whole interior of home has been repainted so move in ready! New light fixtures, new master vanity, 3 yr old class 4 shingle roof. Kitchen has beautiful glass tile backsplash, double ovens and gas cooktop. Blocks from Elementary school and community pool and playground along with the 10 acre catch & release lake and jogging path! You will fall in love with this home the minute you enter!!!

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

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,107
Property Tax -$545
Property Insurance -$159
HOA -$57
Property Management Fees -$99
CASH FLOW
-$76

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.

$300,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,875

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8153$1,8504$1,8505$1,890
$1,890
RENT COMPS ANALYSIS
  • 513 Andalusian Trail Celina, TX 5
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.83
    •  
  • 514 Mustang Trail Celina, TX 1
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2007
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.85
    •  
  • 517 Mustang Trail Celina, TX 2
    • 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.79
    •  
  • 429 Andalusian Trail Celina, TX 3
    • 5 beds 4 baths ∙ 2,351 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,351 Sqft ∙ Built 2014
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 513 Dartmoor Drive Celina, TX 4
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2006
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Aundrea Whalen
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475708
Last Updated: 11/21/2020
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