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252 Cyrus Street Anna, TX 75409

4 Beds 2 Baths 1,820 sqft Built 2017

$245,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $134.62
  • 3 Days on Market
  • MLS # : 14509564
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Mckinney

Listing Agent's Description

Lovely, clean, only 3 year old 1 story home in Anna's Camden Parc. Beautiful kitchen with granite, plenty of cabinets and counter tops. Open floor plan with split bedrooms separates the 3 secondary bedrooms from the master suite. Work from home or home school in the bonus room or use as office, study, playroom or living area. Spacious full size laundry room can accommodate freezer, extra fridge or additional storage. Lovely laminate flooring added to living area and bonus room. Ceiling fans. Decorative light fixtures. Storage Shed. Nice sized back yard. Extra bonuses: refrigerator, murphy bed and bunk bed with desk remain with house. MULTIPLE OFFERS RECEIVED, OFFER DEADLINE 12N MONDAY, FEBRUARY 8TH.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$851
Property Tax -$493
Property Insurance -$132
HOA -$30
Property Management Fees -$99
CASH FLOW
$14

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.

$245,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$11,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6204$1,6255$1,850
$1,850
RENT COMPS ANALYSIS
  • 252 Cyrus Street Anna, TX 3
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.89
    •  
  • 116 Oriole Drive Anna, TX 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 137 Mill Street Anna, TX 2
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2008
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 209 Meadow View Lane Anna, TX 4
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 2334 Triston Street Anna, TX 5
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2017
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sandy Setliff
Jp And Associates Mckinney
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509564
Last Updated: 02/06/2021
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