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706 Dickerson Circle Celina, TX 75009

3 Beds 2 Baths 2,104 sqft Built 2001

$329,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $156.80
  • 3 Days on Market
  • MLS # : 14531804
  • Updated Date : 03/12/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,104 sqft
  • Baths : 2 full
Listing Agent

Homes By Lainie Real Estate Group

Listing Agent's Description

ABSOLUTELY STUNNING one OWNER home in the Heart of Celina on almost a quarter acre!!!Walking distance to Historic Downtown Celina Shopping, Dining & Entertainment! Open Floorplan with Vaulted Ceilings and Split Bedrooms! ALL bedrooms are spacious with walkin closets! Gourmet Kitchen with Breakfast Bar, Solid Wood Cabinets, Tons of Cabinet and Counter Space! Huge Family Room with wood burning fireplace overlooking spacious backyard! Master Bedroom Split from other bedrooms with Dual Sinks, Separate Shower and Garden Tub! Office at the front of the home could be a Formal Dining Room! NO CARPET!!! There are no other Homes in Celina with this lot size at this price! NO HOA, PID or MUD! This on is truly a GEM!!!!

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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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,146
Property Tax -$523
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
-$107

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.

$329,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.55%

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7903$1,8104$1,9505$2,350
$2,350
RENT COMPS ANALYSIS
  • 706 Dickerson Circle Celina, TX 3
    • 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.86
    •  
  • 225 Lakeview Way Celina, TX 1
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2001
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 703 W Walnut Street Celina, TX 2
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2015
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.01
    •  
  • 724 Mulberry Court Celina, TX 4
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 1101 Bryce Canyon Drive Celina, TX 5
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2016
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
PROPERTY LISTING DETAILS
Dawn Lally
Homes By Lainie Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531804
Last Updated: 03/12/2021
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