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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $102.75
- 2 Days on Market
- MLS # : 14485355
- Updated Date : 12/11/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,163 sqft
- Baths : 4 full
Listing Agent
Fathom Realty
Listing Agent's Description
Perfect 2 story family home featuring 4 bedrooms and 4 baths with 2 up and 2 down. Open floorplan is great for entertaining and includes formal dining, game room, media, fireplace and covered patio. Lovely kitchen offers a breakfast bar, island, brushed nickel fixtures, quartz countertops, and a gas range. Other upgrades include rounded corners and 2 inch faux wood blinds. Make your appointment today because this move in ready home won't last long!
SEE MORE
- . 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
* 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 | $2,410 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$670 | |
| Property Insurance | -$210 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$177
|
||
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.
$325,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.74%
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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.25
YEARS SAVED
$33,630
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,483
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
1404 Crossvine Drive Anna, TX 2
- 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,410
- $0.76
-
1601 Red Oak Trail Anna, TX 1
- 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
-
401 Bamborough Drive Anna, TX 3
- 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2017
LEASED 05/24/20- Rent
- Rent Per SQFT
- $2,600
- $0.86
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485355
Last Updated: 12/11/2020
