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141 Curt Street Anna, TX 75409

4 Beds 3 Baths 2,174 sqft Built 2017

$262,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $120.75
  • 3 Days on Market
  • MLS # : 14466159
  • Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,174 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Beautiful 2 story home! Stunning curb appeal with nice landscaping. Open kitchen to dining and family room with granite counter and wine cooler stays, large pantry. Master suite is perfect for king size furniture. Master bath with dual sinks, separate shower, and garden soaking tub. Ceiling fans in all bedrooms. Lots of closet space in all bedrooms. Backyard is perfect for outdoor living and entertaining. This home is a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
 

$236,250$288,750$262,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$969
Property Tax -$528
Property Insurance -$153
HOA -$29
Property Management Fees -$99
CASH FLOW
-$78

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.

$262,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.65%

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-$4.0k-$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$75,313

INVESTMENT

$75,313

Down Payment
$65,625
Rehab Estimate
$5,750
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,625
Loan Amount $196,875
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 141 Curt Street Anna, TX 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 123 Magnolia Street Anna, TX 1
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 3107 Elam Street Anna, TX 3
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2019
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 156 Aaron Street Anna, TX 4
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2018
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 140 Aaron Street Anna, TX 5
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Leonard Mcmanaman
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466159
Last Updated: 11/06/2020
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