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1237 Sharp Street Anna, TX 75409

5 Beds 3 Baths 2,595 sqft Built 2020

$331,895

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $127.90
  • 2 Days on Market
  • MLS # : 14501106
  • Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,595 sqft
  • Baths : 3 full
Listing Agent

Toby Jones

Listing Agent's Description

NEW CONSTRUCTION: Anna Town Square in Anna. Two Story Keller plan - Elevation 31. Available for immediate move-in. 5BR, 3BA + Recessed Lighting + Smart Home Features + Whirlpool Appliances + Granite Countertops + - 2595 sq.ft. Open concept layout with stainless steel appliances, granite countertops, 42 inch upper cabinetry, & beautiful tile backsplash in kitchen.

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
 

$298,706$365,085$331,895

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,153
Property Tax -$668
Property Insurance -$177
HOA -$50
Property Management Fees -$99
CASH FLOW
$103

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.

$331,895

PROJECTED PRICE

$2,250

PROJECTED RENT

0.68%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,952

INVESTMENT

$89,952

Down Payment
$82,974
Rehab Estimate
$2,000
Closing Costs
$4,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,974
Loan Amount $248,921
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$22,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,1984$2,2505$2,395
$2,395
RENT COMPS ANALYSIS
  • 1237 Sharp Street Anna, TX 4
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
  • 4309 Spruce Road Melissa, TX 1
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2011
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 4412 Oak Bluff Drive Melissa, TX 2
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2014
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 4405 Milrany Lane Melissa, TX 3
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2015
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,198
    • $0.83
    •  
  • 2118 Nuehoff Drive Anna, TX 5
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2016
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lee Jones
Toby Jones
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501106
Last Updated: 01/16/2021
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