Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

948 Bluebird Way Celina, TX 75009

3 Beds 2 Baths 2,014 sqft Built 2018

$329,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $163.80
  • 3 Days on Market
  • MLS # : 14518176
  • Updated Date : 02/12/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,014 sqft
  • Baths : 2 full
Listing Agent

Keller Williams North Country

Listing Agent's Description

This stunning Bluewood Home features 3 bedrooms, 2 bathrooms, and an office or 4th bedroom. Conveniently located near the elementary school and pool, this home has everything you're looking for. Enjoy meal prep in the large kitchen that boasts granite counters, built in microwave and oven, custom hood, and eating bar. The open concept living room is great for entertaining. The back patio is perfect for those evening BBQ's! There is even a custom deck or walkway on the side of the home. The master suite features a large walk in closet and ensuite bath with dual sinks and soaking tub. Ready now! Skip the builder waiting list!!

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
 

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

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,146
Property Tax -$523
Property Insurance -$144
HOA -$53
Property Management Fees -$99
CASH FLOW
-$24

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

$1,940

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$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 55% 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

4.33

YEARS SAVED

$13,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$1,9404$1,9975$2,200
$2,200
RENT COMPS ANALYSIS
  • 948 Bluebird Way Celina, TX 3
    • 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.96
    •  
  • 3006 Morgan Drive Celina, TX 1
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 2010
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 2806 Morgan Drive Celina, TX 2
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2007
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 912 Slate Lane Celina, TX 4
    • 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
    •  
  • 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
Christopher Baker
Keller Williams North Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518176
Last Updated: 02/12/2021
BESbswy