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1401 Chapel Hill Drive Anna, TX 75409

4 Beds 3 Baths 2,218 sqft Built 2020

$275,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $123.99
  • 3 Days on Market
  • MLS # : 14477232
  • Updated Date : 11/28/2020 at 22:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,218 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

UNBELIEVEABLE Price on this adorable Avery Pointe 1.5 story. Fall in love with this barely lived in Lennar home with breathtaking amenities to include sweeping wood-look ceramic tile flooring throughout, with carpet in bedrooms, a spacious open concept floor plan that's perfect for hosting holiday gatherings and a private owner's retreat complete with a walk-in closet and dual sinks. The chef in your family will enjoy preparing meals in the gourmet kitchen highlighted by granite counter-tops, GE stainless appliances, gas cook-top, crisp white cabinetry and stunning subway tile back-splash. Kids will love the secluded upstairs game room on movie nights! Don't wait to build, this home is ready to be yours!

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,015
Property Tax -$554
Property Insurance -$155
HOA -$108
Property Management Fees -$99
CASH FLOW
-$41

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.

$275,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,875

INVESTMENT

$74,875

Down Payment
$68,750
Rehab Estimate
$2,000
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,874

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8904$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 1401 Chapel Hill Drive Anna, TX 3
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.85
    •  
  • 112 Cedar Canyon Drive Anna, TX 1
    • 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
    •  
  • 1145 Kingston Court Anna, TX 2
    • 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 2016
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 104 Birdbrook Drive Anna, TX 4
    • 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 2006
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.87
    •  
  • 213 Cedar Canyon Drive Anna, TX 5
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2019
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Heidi Marsh
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477232
Last Updated: 11/28/2020
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