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1905 Annabel Avenue Flower Mound, TX 75028

5 Beds 4 Baths 3,640 sqft Built 2004

$515,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $141.48
  • 3 Days on Market
  • MLS # : 14517942
  • Updated Date : 02/13/2021 at 12:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,640 sqft
  • Baths : 3 full , 1 half
Listing Agent

One2three Realty, Llc

Listing Agent's Description

Beautiful 5 bedroom home with a study or second living down, game room and theater room upstairs. Private backyard to enjoy time with family and friends! Spacious kitchen with large island, plenty of cabinet space and walk-in pantry. Master bedroom and one bedroom down, three more rooms up. Ginormous master closet! Beautiful open floor plan with hardwood floors in the main living areas. Quiet neighborhood located minutes from the shops of Highland Village and down the street from Marcus High.

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: Grand Park Est

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k492k

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

Neighborhood: Grand Park Est

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263087

* 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
Prairie Trail Elementary School Primary Regular 609 41 8
Lamar Middle School Middle Regular 764 51 9
Marcus High School High Regular 2,439 151 8

Prairie Trail Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 41
8
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 51
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,789
Property Tax -$889
Property Insurance -$238
HOA -$46
Property Management Fees -$99
CASH FLOW
$0

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.

$515,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,058

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,699
1$2,6992$2,9953$3,0604$3,100
$3,100
RENT COMPS ANALYSIS
  • 1905 Annabel Avenue Flower Mound, TX 3
    • 5 beds 4 baths ∙ 3,640 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,640 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.84
    •  
  • 1260 Winnipeg Drive Lewisville, TX 1
    • 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.77
    •  
  • 617 Meadowcrest Drive Highland Village, TX 2
    • 5 beds 4 baths ∙ 3,531 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,531 Sqft ∙ Built 1990
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.85
    •  
  • 706 Live Oak Highland Village, TX 4
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Brenda Zambrano
One2three Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517942
Last Updated: 02/13/2021
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