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128 Stanley Falls Drive Anna, TX 75409

5 Beds 3 Baths 2,411 sqft Built 2005

$250,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $103.69
  • 2 Days on Market
  • MLS # : 14478018
  • Updated Date : 11/28/2020 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,411 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

This home has it all! You don't want to miss this home with a rare 5 bedrooms in The Falls! This home makes you feel welcome throughout. Large backyard with covered patio and concrete full length of house! So many features and upgrades to mention....New roof, intercom system, recessed lighting, new fence and stained, new dishwasher, new microwave, new range, new dining room flooring and the list goes on and on....Don't pass this home up!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$922
Property Tax -$503
Property Insurance -$167
HOA -$30
Property Management Fees -$99
CASH FLOW
$59

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.

$250,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7804$1,7985$1,875
$1,875
RENT COMPS ANALYSIS
  • 128 Stanley Falls Drive Anna, TX 3
    • 5 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.74
    •  
  • 1009 Hawthorne Road Anna, TX 1
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2012
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 112 Cedar Canyon Drive Anna, TX 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2020
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 2040 Hanakoa Falls Drive Anna, TX 4
    • 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,798
    • $0.73
    •  
  • 506 Niagara Falls Drive Anna, TX 5
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.74
    •  
PROPERTY LISTING DETAILS
Todd Engels
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478018
Last Updated: 11/28/2020
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