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807 Berry Street Celina, TX 75009

4 Beds 2 Baths 1,840 sqft Built 2019

$335,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $182.07
  • 3 Days on Market
  • MLS # : 14516928
  • Updated Date : 02/13/2021 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Huggins Realty

Listing Agent's Description

Large open floor plan with flowing living, kitchen and dining areas with excellent curb appeal. This 4 bedroom, 2 bath cutie features easy to clean wood floor throughout the main living areas. Spacious kitchen with large eat-at island, granite counters, decorative lighting and stainless steel appliances. . Master features a walk-in closet and en suite bathroom with dual sinks, walk-in shower and garden tub. Split fourth bedroom is located near the garage and would make an excellent work space. Enjoy outdoor living on your covered back patio. Gorgeous community loaded with amenities like a phenomenal pool and lounge area, community playgrounds, hiking trails & walking trails.

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,164
Property Tax -$531
Property Insurance -$134
HOA -$46
Property Management Fees -$99
CASH FLOW
$7

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.

$335,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$16,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9803$1,9974$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 807 Berry Street Celina, TX 2
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.08
    •  
  • 512 Paddock Lane Celina, TX 1
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2011
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 912 Slate Lane Celina, TX 3
    • 4 beds 2 baths ∙ 1,879 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,879 Sqft ∙ Built 2018
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,997
    • $1.06
    •  
  • 708 Monarch Lane Celina, TX 4
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2018
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
  • 1000 Bluebird Way Celina, TX 5
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2019
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Bonnie Lloyd
Huggins Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516928
Last Updated: 02/13/2021
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