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2025 Spruce Street Anna, TX 75409

4 Beds 3 Baths 2,156 sqft Built 2012

$235,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $109.00
  • 4 Days on Market
  • MLS # : 14530221
  • Updated Date : 03/12/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,156 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Great house, great neighborhood- great price! Floor plan feats. open kitchen & breakfast area open to family room! Large MBR down w. hydra tub, sep. shower, duel sinks, large WIC, BR's 2 & 3 are down, BR 4 is up w. bath or could be game room. 2 car garage- large fenced backyard, near neighborhood pool, park- basketball courts! Seeing is Believing!

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$816
Property Tax -$500
Property Insurance -$152
HOA -$23
Property Management Fees -$99
CASH FLOW
$130

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.

$235,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.73%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$20,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,6005$1,720
$1,720
RENT COMPS ANALYSIS
  • 2025 Spruce Street Anna, TX 5
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.80
    •  
  • 1609 Chestnut Street Anna, TX 1
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2003
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 1310 Post Oak Trail Anna, TX 2
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2003
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 1218 Post Oak Trail Anna, TX 3
    • 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 2003
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 1625 Crestwood Drive Anna, TX 4
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2003
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
PROPERTY LISTING DETAILS
Keith Dobbs
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530221
Last Updated: 03/12/2021
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