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720 Wycliffe Drive Celina, TX 75009

3 Beds 3 Baths 2,305 sqft Built 2021

$426,277

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $184.94
  • 4 Days on Market
  • MLS # : 14517484
  • Updated Date : 02/12/2021 at 08:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,305 sqft
  • Baths : 2 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14517484 - Built by Highland Homes - June completion! ~ Great home for entertaining! This single story home sits on a private lot with several upgrades. This Highland Home will include an upgraded Gourmet Kitchen, Quartz Counters, Built-In Appliances, and a custom Kitchen Island. Luxury Vinyl Plank Floors included in all the common areas, and 8' Doors throughout! Great Entertainment Room and Extended Back Patio for Entertaining!!

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
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
 

$383,649$468,905$426,277

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,481
Property Tax -$870
Property Insurance -$160
HOA -$71
Property Management Fees -$99
CASH FLOW
-$551

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.

$426,277

PROJECTED PRICE

$2,130

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

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$114,963

INVESTMENT

$114,963

Down Payment
$106,569
Rehab Estimate
$2,000
Closing Costs
$6,394

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,481

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,569
Loan Amount $319,708
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$43

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1303$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 720 Wycliffe Drive Celina, TX 2
    • 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.92
    •  
  • 2807 Saddlebred Trail Celina, TX 1
    • 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2006
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 1917 Asher Celina, TX 3
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
  • 1820 Emilia Drive Celina, TX 4
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2020
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 1813 Wayne Lane Celina, TX 5
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2020
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
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 #: 14517484
Last Updated: 02/12/2021
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