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14720 Little Anne Drive Little Elm, TX 75068

3 Beds 2 Baths 1,845 sqft Built 2008

$296,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $160.43
  • 3 Days on Market
  • MLS # : 14522631
  • Updated Date : 02/26/2021 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

Multiple offers received,Due date Sunday 7 pm. Frisco ISD. Large entry foyer leading to an amazing open kitchen and dinning area. Split bedrooms. Master suite has spacious sitting room that could be used as a study or nursery. Unique architectural wall arches.3 layered Luxury paint. Luxury Blinds for all the windows. Stylish Ceiling Fans. New Granite Top Over Cabinet and Tiles for Master Bathroom. New Food Disposal. Covered patio to enjoy the out doors or nearby community walking trails.Updated LED new light features throughout. Granite and backsplash in kitchen, New Samsung appliances. Excellent location close to shopping, restaurants, schools and highway. No carpet. Ceramic tile and high quality laminate.

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

Neighborhood: Frisco Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Frisco Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Miller Elementary School Primary Unknown NA
Sue Wilson Stafford Middle School Middle Regular 1,146 78 10
Lone Star High School High Regular 1,365 105 NA

Miller Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sue Wilson Stafford Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 78
10
GreatSchools Rating

Lone Star High School

  • Education Level: High
  • # of students: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$266,400$325,600$296,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,028
Property Tax -$620
Property Insurance -$134
HOA -$43
Property Management Fees -$99
CASH FLOW
-$154

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.

$296,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,190

INVESTMENT

$84,190

Down Payment
$74,000
Rehab Estimate
$5,750
Closing Costs
$4,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,000
Loan Amount $222,000
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$3,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 14720 Little Anne Drive Little Elm, TX 2
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.96
    •  
  • 14714 Crystal Lake Drive Little Elm, TX 1
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 14624 Little Anne Drive Little Elm, TX 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2004
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 14928 Riverside Drive Little Elm, TX 4
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2010
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 14600 Little Anne Drive Little Elm, TX 5
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2003
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ramez Morris
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522631
Last Updated: 02/26/2021
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