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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $120.19
- 2 Days on Market
- MLS # : 14487529
- Updated Date : 12/19/2020 at 15:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,976 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
You will love coming home to this STUNNING and move-in ready residence gently nestled on an oversized corner lot just a short walk away from the community pool, splashpad, club house, fitness center & playground. The floorplan is opulently spacious and flows effortlessly boasting the heart-of-the-home chef & entertainer’s delight kitchen equipped with rich cabinetry, ss appl including gas range with double ovens and huge center island flanked by welcoming family room and dining areas -making it a favorite gathering place for all! Great size Master Retreat! There is a flex space in between the secondary bedrooms that makes a perfect play room, 2nd living or 2nd office. New roof, new HVAC, fresh paint and carpet!
SEE MORE
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75409
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$876 |
| Property Tax | -$478 | |
| Property Insurance | -$141 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$100
|
||
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.
$237,500
PROJECTED PRICE
$1,730
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,688
LOAN DETAILS
$876
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,375 |
| Loan Amount | $178,125 |
6.58
YEARS SAVED
$21,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,897
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1028 Grangewood Drive Anna, TX 2
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,730
- $0.88
-
221 Bonsai Drive Anna, TX 1
- 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,725
- $0.94
-
301 Lockhurst Drive Anna, TX 3
- 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2007
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,825
- $0.98
-
1012 Acacia Drive Anna, TX 4
- 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2010
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
400 Lockhurst Drive Anna, TX 5
- 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,965 Sqft ∙ Built 2007
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.99
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487529
Last Updated: 12/19/2020
