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6012 Oakmere Lane Celina, TX 75009

5 Beds 4 Baths 3,766 sqft Built 2018

$424,600

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $112.75
  • 4 Days on Market
  • MLS # : 14517708
  • Updated Date : 02/25/2021 at 17:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,766 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Sellers Loss is Buyers Gain! This almost New home in PROSPER ISD is now available! Designed to be the sellers forever home with OVER 40,000 SPENT IN UPGRADES, and now transferred to South Texas. EXTRAS GALORE!!!!Did we mention PROSPER ISD!!!! Minutes from North Dallas Toll makes easy access to the Metroplex. Walking distance to pools and parks is just one benefits to Sutton Fields Subdivision Living. This 5 bedroom 4 bath home is nothing short of STUNNING. Make your Appointment TODAY!!! Showings will start on Saturday February 27th at 10am. PROFESSIONAL PICS COMING SOON!

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

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

Windsong 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
 

$382,140$467,060$424,600

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,475
Property Tax -$899
Property Insurance -$245
HOA -$46
Property Management Fees -$99
CASH FLOW
$297

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.

$424,600

PROJECTED PRICE

$3,060

PROJECTED RENT

0.72%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,269

INVESTMENT

$118,269

Down Payment
$106,150
Rehab Estimate
$5,750
Closing Costs
$6,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,150
Loan Amount $318,450
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$43,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,013

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8953$3,060
$3,060
RENT COMPS ANALYSIS
  • 6012 Oakmere Lane Celina, TX 3
    • 5 beds 4 baths ∙ 3,766 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,766 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.81
    •  
  • 1936 Tomahawk Trail Aubrey, TX 1
    • 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.77
    •  
  • 15604 Governors Island Way Prosper, TX 2
    • 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tabatha Polley
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517708
Last Updated: 02/25/2021
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