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1020 Chatsworth Drive Anna, TX 75409

3 Beds 3 Baths 2,113 sqft Built 2019

$350,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $165.64
  • 3 Days on Market
  • MLS # : 14469150
  • Updated Date : 11/14/2020 at 09:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Lots of PIZAZZ going on here!! Come see for yourself! Everything conveniently located on ONE level...built by Highland Homes. Check out the kitchen pantry with prep station inside. Fashionable accent wall in Owner's Suite. Fun times await all in the backyard and take a look at the Man Cave! WOW!! Lots of surprises!! Goes without saying there are NO surprises with the energy efficiency of this home...LOW, LOw, low utility bills.

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: 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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,291
Property Tax -$705
Property Insurance -$149
HOA -$41
Property Management Fees -$99
CASH FLOW
-$375

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.

$350,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.55%

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) 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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,750

INVESTMENT

$94,750

Down Payment
$87,500
Rehab Estimate
$2,000
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9103$2,0004$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1020 Chatsworth Drive Anna, TX 2
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.90
    •  
  • 209 Bankhurst Drive Anna, TX 1
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.83
    •  
  • 1133 Fulbourne Drive Anna, TX 3
    • 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,143 Sqft ∙ Built 2016
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 1101 Chatsworth Drive Anna, TX 4
    • 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 2019
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 504 Eastbrook Drive Anna, TX 5
    • 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2016
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rhonda Gilbreath
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469150
Last Updated: 11/14/2020
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