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2101 Pine Knoll Way Anna, TX 75409

3 Beds 2 Baths 1,328 sqft Built 2012

INVESTimate

$208,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$228,114  ( +9.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $156.63
  • 2 Days on Market
  • MLS # : 14419535
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Linwood Realty, Llc

Listing Agent's Description

OPEN HOUSE SATURDAY 8-29 2-4 VERY carefully maintained three bedroom, two bath in Anna, TX! The roof was completed in July 2020, brand new carpet, new paint, a touchscreen thermostat with WiFi, Platinum P.O.C Air purifier that drastically reduces allergens, and a reverse osmosis water system connected to the ice maker in the kitchen!! As soon as you walk in, you have your two bedrooms and guest bathroom to the left. Step foot into the light and bright living room with soaring ceilings, that opens into the kitchen and dining room. Kitchen has tons of storage! The split master bedroom is located at the back of the home for a quiet retreat. The master bathroom has a very large soaking tub and the closet is HUGE!

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

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
 

$187,200$228,800$208,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$767
Property Tax -$419
Property Insurance -$104
HOA -$25
Property Management Fees -$99
CASH FLOW
-$44

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.

$208,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.67%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,870

INVESTMENT

$60,870

Down Payment
$52,000
Rehab Estimate
$5,750
Closing Costs
$3,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,000
Loan Amount $156,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3703$1,4004$1,4005$1,595
$1,595
RENT COMPS ANALYSIS
  • 2101 Pine Knoll Way Anna, TX 2
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.03
    •  
  • 2028 Spruce Street Anna, TX 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 1629 Red Oak Trail Anna, TX 3
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 1005 Post Oak Trail Anna, TX 4
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 1005 Hawthorne Road Anna, TX 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kristen Banner
Linwood Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419535
Last Updated: 08/25/2020
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