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2201 Graham Road Anna, TX 75409

3 Beds 2 Baths 2,266 sqft Built 2020

$329,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $145.59
  • 2 Days on Market
  • MLS # : 14471665
  • Updated Date : 11/14/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,266 sqft
  • Baths : 2 full
Listing Agent

Pacesetter Homes

Listing Agent's Description

MLS# 14471665 - Built by Pacesetter Homes - February completion! ~ UNDER CONSTRUCTION-When you tour the Southlake you will be surprised at how easy the floor plan flows. There is no wasted space in this home, boasting, 4 bed, 3 bath, large kitchen island, floor to ceiling stone fireplace, stainless steel appliances, built-in microwave and oven, luxury vinyl plank throughout, trash pull out drawer, white cabinets, 2 walk-in closets in master, and backs up to walking trail. A must see in Anna Town Square-Phase 5.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,217
Property Tax -$664
Property Insurance -$158
HOA -$50
Property Management Fees -$99
CASH FLOW
-$148

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.

$329,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.62%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,424

INVESTMENT

$89,424

Down Payment
$82,475
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,079

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$2,0404$2,0905$2,200
$2,200
RENT COMPS ANALYSIS
  • 2201 Graham Road Anna, TX 3
    • 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.90
    •  
  • 701 Westwood Court Anna, TX 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2015
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 4504 Mimosa Drive Melissa, TX 2
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 1828 Clark Street Anna, TX 4
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.97
    •  
  • 2415 Thayne Drive Anna, TX 5
    • 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2016
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Dennis Ciani
Pacesetter Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471665
Last Updated: 11/14/2020
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