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704 Calvin Way Celina, TX 75009

5 Beds 4 Baths 3,212 sqft Built 2021

$494,397

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $153.92
  • 2 Days on Market
  • MLS # : 14514607
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,212 sqft
  • Baths : 4 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14514607 - Built by Highland Homes - May completion! ~ Beautiful 2 story home with our upgraded elevation! This 5 Bedroom home boasts 20 foot ceiling in the Family Room, 8 foot first floor interior doors, larger windows throughout, and upgraded trim throughout! Upgrades to include the very durable Luxury Vinyl Plank Floors, Level 3 Kitchen with quartz counters, and Upgraded Tile in all the Bathrooms!

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
 

$444,957$543,837$494,397

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,717
Property Tax -$1,009
Property Insurance -$213
HOA -$71
Property Management Fees -$99
CASH FLOW
-$449

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.

$494,397

PROJECTED PRICE

$2,660

PROJECTED RENT

0.54%

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) 3.00%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,015

INVESTMENT

$133,015

Down Payment
$123,599
Rehab Estimate
$2,000
Closing Costs
$7,416

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,717

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,599
Loan Amount $370,798
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,578

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,5754$2,6605$2,900
$2,900
RENT COMPS ANALYSIS
  • 704 Calvin Way Celina, TX 4
    • 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.83
    •  
  • 432 Winchester Drive Celina, TX 1
    • 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.75
    •  
  • 323 Westphalian Drive Celina, TX 2
    • 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 2017
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 812 Monarch Lane Celina, TX 3
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2018
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.87
    •  
  • 1309 Skyflower Lane Celina, TX 5
    • 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 2016
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514607
Last Updated: 02/06/2021
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