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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $150.09
- 5 Days on Market
- MLS # : 14489997
- Updated Date : 12/26/2020 at 13:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,665 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
This gorgeous 3 bedrm, 2 bath Bloomfield home is gorgeous inside and out! This house features a peaceful front porch, spacious study, large open kitchen & huge backyard with covered patio. The open floor plan is perfect for any situation. The kitchen has upgrades galore including a large island complete with luxurious granite, 42in cabinets, & large buffet area that opens to the dining area and living room. The home is bright & airy, very well maintained, and looks like a new home! This home is across the street from the community pool & lovely fishing pond. LEASEBACK IS NEEDED BY SELLER, PLEASE SUBMIT IT WITH OFFER. MULTIPLE OFFERS RECEIVED-OFFER DEADLINE Sunday, December 27th, 2020, 5pm
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75409
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$503 | |
| Property Insurance | -$123 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$178
|
||
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.
$249,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
1.5
YEARS SAVED
$2,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,507
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2005 Rhymers Glen Drive Anna, TX 2
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,500
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-
416 Niagara Falls Drive Anna, TX 1
- 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2004
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
2033 Hanakoa Falls Drive Anna, TX 3
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
421 Stanley Falls Drive Anna, TX 4
- 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2004
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,625
- $0.97
-
2114 Cypress Way Anna, TX 5
- 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 2008
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,695
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489997
Last Updated: 12/26/2020
