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1025 Sheldon Drive Anna, TX 75409

4 Beds 3 Baths 3,034 sqft Built 2018

$324,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $107.09
  • 3 Days on Market
  • MLS # : 14496824
  • Updated Date : 01/08/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Josh Deshong Real Estate, Llc

Listing Agent's Description

Feature packed, extraordinary home in the heart of Anna, TX. As growth and demand continue trending upwards in this area, this home is one to come see! A true custom built home with a desirable layout. TWO Master Bedrooms. One downstairs, and the other upstairs with it's own, private living quarters. Fully equipped with a separate living area and kitchen! You'll have trouble finding anything like it in this location and at this price point. Great schools. Highly sought after neighborhood. Large lot. 2018 build! This home is truly move-in ready. Schedule your showing today!

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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,129
Property Tax -$654
Property Insurance -$203
HOA -$41
Property Management Fees -$99
CASH FLOW
-$125

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.

$324,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.62%

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

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,0004$2,0005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1025 Sheldon Drive Anna, TX 4
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 2013 Helmoken Falls Drive Anna, TX 1
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 1601 Red Oak Trail Anna, TX 2
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 2008 Helmoken Falls Drive Anna, TX 3
    • 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 401 Bamborough Drive Anna, TX 5
    • 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2017
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michael Dobbs
Josh Deshong Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496824
Last Updated: 01/08/2021
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