Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

231 Belford Street Anna, TX 75409

4 Beds 2 Baths 1,892 sqft Built 2015

INVESTimate

$239,990

List Price

$1,610

$1,449 - $1,771

Rent Est.

$263,197  ( +9.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $126.84
  • 6 Days on Market
  • MLS # : 14417994
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Re/max Proadvantage

Listing Agent's Description

Beautiful home in the Northpointe Crossing Subdivision of Anna with community club house, pool, park & playground. This 2015 home with open floor plan features 4 Bedrooms and 2 full baths, Black appliances, plenty of kitchen cabinet space, full utility room, 8 zone sprinkler system, gutters, landscaped front yard, and central heat and air with fresh air intake. Master Bedroom leads to private bathroom with large walk-in closet, oversized shower. Share evening meals on your covered North facing patio in a fenced private back yard. Walk to several neighborhood park and community pool. Enjoy a fast and easy commute to North Dallas suburbs or Sherman.

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
 

$215,991$263,989$239,990

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$885
Property Tax -$483
Property Insurance -$137
HOA -$29
Property Management Fees -$99
CASH FLOW
-$23

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.

$239,990

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

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$69,347

INVESTMENT

$69,347

Down Payment
$59,998
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,998
Loan Amount $179,993
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 231 Belford Street Anna, TX 2
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.85
    •  
  • 336 Vernon Street Anna, TX 1
    • 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 2014
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 3212 Elam Drive Anna, TX 3
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2014
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 3312 Dumas Drive Anna, TX 4
    • 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2014
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 3316 Dumas Drive Anna, TX 5
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mark Croft
Re/max Proadvantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417994
Last Updated: 08/21/2020
BESbswy