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1106 Cottonwood Trail Anna, TX 75409

3 Beds 2 Baths 1,328 sqft Built 2012

$215,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $161.90
  • 3 Days on Market
  • MLS # : 14522608
  • Updated Date : 02/27/2021 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Davidson Lane Real Estate Grp

Listing Agent's Description

*OFFER DEADLINE Sunday February 28th by 6pm* This USDA Eligible home is located in the booming town of Anna Tx. Great floor plan with three bedrooms, two full baths, open concept living with large living room and spacious kitchen. Once inside you will notice the split bedrooms and the privacy that allows. The living area flows easily into the kitchen making entertaining a breeze. The Master bedroom includes an ensuite with a garden tub, separate shower, and large walk-in closet. Enjoy your time outside under the covered patio, and take in the view of trees not another home behind you on almost a quarter of an acre.

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

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$747
Property Tax -$433
Property Insurance -$104
HOA -$46
Property Management Fees -$99
CASH FLOW
-$28

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.

$215,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.65%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$7,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,391

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,5754$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 1106 Cottonwood Trail Anna, TX 1
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 2213 Mulberry Drive Anna, TX 2
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2015
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 2205 Mulberry Drive Anna, TX 3
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2015
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.04
    •  
  • 1005 Hawthorne Road Anna, TX 4
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.07
    •  
  • 2320 Mulberry Drive Anna, TX 5
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2016
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
PROPERTY LISTING DETAILS
Heather Anderson
Davidson Lane Real Estate Grp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522608
Last Updated: 02/27/2021
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