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

1004 Fulbourne Drive Anna, TX 75409

3 Beds 3 Baths 2,429 sqft Built 2007

$289,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $118.98
  • 3 Days on Market
  • MLS # : 14495548
  • Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,429 sqft
  • Baths : 3 full
Listing Agent

United Real Estate

Listing Agent's Description

Amazing 1.5 Story Home with an Awesome Floorplan! Downstairs you will find a 3 Bedroom Split with the Master Bedroom on one side of the home. On the other side there are 2 additional Bedrooms with a StudyDen area between them. Upstairs you will find an oversized Gameroom with its very own Full Bath and Walk-In Closet which can be used as a 4th Bedroom. Meticulously Maintained and in Excellent Condition. Spacious Living Room and High Ceilings. Kitchen includes Granite Countertops, an Island and Breakfast Nook. The Large Wrap-Around Backyard includes a Covered Patio. Roof 2019. Great Subdivision. This place is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75409

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75409

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9042171

* 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
Anna High School High Regular 705 48 5

Anna High School

  • Education Level: High
  • # of students: 705
  • # of teachers: 48
5
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,004
Property Tax -$562
Property Insurance -$168
HOA -$41
Property Management Fees -$99
CASH FLOW
$27

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.

$289,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$14,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,077

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8503$1,9004$1,9755$2,200
$2,200
RENT COMPS ANALYSIS
  • 1004 Fulbourne Drive Anna, TX 3
    • 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 1124 Kingston Court Anna, TX 1
    • 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2017
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 1128 Foxtail Drive Anna, TX 2
    • 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2016
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 104 Birdbrook Drive Anna, TX 4
    • 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2006
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.87
    •  
  • 116 Hurstwood Court Anna, TX 5
    • 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2014
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Robert Alperin
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495548
Last Updated: 01/08/2021
BESbswy