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235 Harvey Street Anna, TX 75409

3 Beds 3 Baths 2,050 sqft Built 2019

$276,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $135.07
  • 3 Days on Market
  • MLS # : 14467200
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Higgins is a beautiful floor plan by LGI Homes. Inside this brand new two-story, three bedroom and two and a half bath home you will find thousands of dollars in upgrades, including all new energy-efficient kitchen appliances with refrigerator, granite countertops, designer 42in upper wood cabinets, brushed nickel hardware and an attached two car garage with a door opener installed. The Higgins features an open floor plan with a chef-ready kitchen and large dining area that looks out to the family room. Upstairs you will find the owner's suite complete with a large walk-in closet and a spacious game room. Each home comes with a fully fenced backyard and front yard landscaping.

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
 

$249,210$304,590$276,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,022
Property Tax -$557
Property Insurance -$146
HOA -$29
Property Management Fees -$99
CASH FLOW
-$213

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.

$276,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,379

INVESTMENT

$75,379

Down Payment
$69,225
Rehab Estimate
$2,000
Closing Costs
$4,154

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,225
Loan Amount $207,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6403$1,7504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 235 Harvey Street Anna, TX 2
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.80
    •  
  • 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
    •  
  • 3107 Elam Street Anna, TX 3
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2019
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 156 Aaron Street Anna, TX 4
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2018
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 140 Aaron Street Anna, TX 5
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2017
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467200
Last Updated: 11/06/2020
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