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PROPERTY INFO
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
- . 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 | $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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,424
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
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
-
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
Pacesetter Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471665
Last Updated: 11/14/2020
