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1326 Crossvine Drive Anna, TX 75409

4 Beds 4 Baths 3,015 sqft Built 2017

$349,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $115.75
  • 2 Days on Market
  • MLS # : 14514517
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,015 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams North Country

Listing Agent's Description

Beautiful updates in this 4-year old Lennar home minutes from 75 with a terrific open floor plan. Wide hallway and welcoming entrance leading into a well-appointed home. Master bedroom and guest room with full bath down, two bedrooms with Jack and Jill bath upstairs along with large open game room and enclosed media room. Large dining area or study, kitchen, breakfast room and living area with fireplace and access to covered porch with climbing wisteria for added privacy and beauty. Amazing landscaped back yard with fire pit and garden boxes. Quiet street, nearby neighborhood pool with fun separate kiddie pool, pergolas and grilling area.

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,212
Property Tax -$703
Property Insurance -$201
HOA -$54
Property Management Fees -$99
CASH FLOW
-$299

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.

$349,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.56%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7954$1,9705$2,000
$2,000
RENT COMPS ANALYSIS
  • 1326 Crossvine Drive Anna, TX 4
    • 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.65
    •  
  • 712 Westgate Court Anna, TX 1
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2014
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.60
    •  
  • 909 Acacia Drive Anna, TX 2
    • 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,769 Sqft ∙ Built 2005
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 249 Niagara Falls Drive Anna, TX 3
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 1601 Red Oak Trail Anna, TX 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
PROPERTY LISTING DETAILS
Todd Engels
Keller Williams North Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514517
Last Updated: 02/06/2021
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