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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75409
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
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
-
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
Keller Williams North Country
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514517
Last Updated: 02/06/2021
