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128 Collin Street Anna, TX 75409

4 Beds 2 Baths 1,658 sqft Built 2019

$257,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $155.55
  • 10 Days on Market
  • MLS # : 14459991
  • Updated Date : 10/28/2020 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,658 sqft
  • Baths : 2 full
Listing Agent

Bryan Bjerke

Listing Agent's Description

Back on Market!! Beautiful 4 bedroom, 2 bathroom home featuring an open floor plan in quiet North Pointe Community. Home was completed 12.31.2019! This charming home with granite countertops, stunning wood cabinets, and energy efficient kitchen appliances is perfect for a family looking for a great place to call home. The excellent natural light will blow you away. You will enjoy creating memories with your friends and family in this wonderful home & community! 4th bedroom can be converted into a office or study for children taking online classes or parents working from home. Sellers are leaving nest and other smart home features with sale. Sellers are taking refrigerator.

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
 

$232,110$283,690$257,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$952
Property Tax -$519
Property Insurance -$123
HOA -$29
Property Management Fees -$99
CASH FLOW
-$112

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.

$257,900

PROJECTED PRICE

$1,610

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) 3.00%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,344

INVESTMENT

$70,344

Down Payment
$64,475
Rehab Estimate
$2,000
Closing Costs
$3,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,475
Loan Amount $193,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6004$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 128 Collin Street Anna, TX 4
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.97
    •  
  • 165 Ryan Street Anna, TX 1
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 145 Ryan Anna, TX 2
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 104 Ryan Street Anna, TX 3
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2017
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 228 Ryan Street Anna, TX 5
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kobby Boakye
Bryan Bjerke
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459991
Last Updated: 10/28/2020
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