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144 Ryan Street Anna, TX 75409

3 Beds 2 Baths 1,619 sqft Built 2017

$244,990

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $151.32
  • 5 Days on Market
  • MLS # : 14464460
  • Updated Date : 11/05/2020 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Located in the fast growing City of Anna. You will be blown away by this home. Open floor plan is great for entertaining. Owner is in the Building Products Industry and has upgraded everything. Granite in Kitchen and both Bathrooms, designer backsplash in Kitchen, upgraded light fixtures, wood floor in entry and family room, accent wall in entry. Over-sized Master Bedroom and Bath. Covered porch with tile floor includes wall mounted television and cabinets with granite top that stay with the home. Every guy's dream the Cowboy Blue epoxy coated garage floor with center STAR! Family friendly community with pool and jogging paths. This beauty will not last long.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$220,491$269,489$244,990

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$904
Property Tax -$493
Property Insurance -$121
HOA -$29
Property Management Fees -$99
CASH FLOW
-$126

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.

$244,990

PROJECTED PRICE

$1,520

PROJECTED RENT

0.62%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,672

INVESTMENT

$70,672

Down Payment
$61,248
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,248
Loan Amount $183,743
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5503$1,5504$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 144 Ryan Street Anna, TX 1
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.94
    •  
  • 133 Curt Street Anna, TX 2
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2017
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 145 Ryan Anna, TX 3
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 156 Curt Street Anna, TX 4
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2018
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.01
    •  
  • 228 Ryan Street Anna, TX 5
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Charla Atwell
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464460
Last Updated: 11/05/2020
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