New property in Prosper ISD questions

[Aleksandra Draws]

Hello All,

I am looking to purchase a brand new house in Light Farms in Celina TX.

Its 4 bed, 3 baths 2200sqf house and Im planning to rent it out.

But there is no rental posts from this community... My agent says that I can easily get $2400.00 for it and that will bring $400/mo cash flow. Is that right?

Is it possible that houses in same school district in McKinney rent out for $1600-$2000, and Ill rent it for $2400?

Whats your thoughts?

Let me add that I live in San Francisco,California and I dont really know Texas market.

Also the price of the same house went up $15,000.00 since I signed documents to start building the house. Of course my price is locked.  Zillow has ridiculous estimate of $600k value and $3500 rent.  on $270k house. Im sooooo confused, im ready to back out of it. Any input will be appreciated.

-Aleksandra

[Juan Llamas]

aleksandra I live in Celina.

I live in a community close to light farms. My subdivision is less pricey than light farms. You can look up my subdivision it's called Carter Ranch. I can tell you that my house would rent for about $1700/mo. And my house is a 4bedroom 2 bathroom, about 2400sq ft. Light farms has nicer homes and more amenities. Also, light farms is in Prosper Isd. A very good school district. I do believe prices in houses will rise even more in Celine and Prosper since there is a lot of construction and jerry jones (owner of the Dallas Cowboys) is building a very nice shopping center in prosper. Finally I'll let you be the judge if you could get 2400/mo. In rent. Hope that helped.