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1804 Allyssa Street Anna, TX 75409

3 Beds 2 Baths 1,629 sqft Built 2020

$275,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $168.82
  • 4 Days on Market
  • MLS # : 14529871
  • Updated Date : 03/13/2021 at 17:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,629 sqft
  • Baths : 2 full
Listing Agent

Texas Elite Realty

Listing Agent's Description

Multiple offers received. Showing deadline Sunday 5pm. Offer deadline Monday 9am. Don't miss this gem! Seller purchased D R Horton home as new construction in October 2020 so it is still under builder's structural and foundation warranties. Features include stainless steel appliances, granite countertops, covered patio, backyard large enough to accommodate a swimming pool, epoxy floor in garage. Updates include engineered hardwood throughout most of the home. Community offers amenity center, playground, and pool.

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

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$955
Property Tax -$554
Property Insurance -$121
HOA -$50
Property Management Fees -$99
CASH FLOW
-$169

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

$1,610

PROJECTED RENT

0.59%

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

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6503$1,6504$1,6985$1,700
$1,700
RENT COMPS ANALYSIS
  • 1804 Allyssa Street Anna, TX 1
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.99
    •  
  • 922 Hazels Way Anna, TX 2
    • 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2014
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 805 Hazels Way Anna, TX 3
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2014
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 822 Hazels Way Anna, TX 4
    • 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 2014
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $1.01
    •  
  • 1720 Abigail Lane Anna, TX 5
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2019
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
PROPERTY LISTING DETAILS
John Martellini
Texas Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529871
Last Updated: 03/13/2021
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