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3012 Crossing Drive Anna, TX 75409

3 Beds 2 Baths 2,517 sqft Built 2016

$414,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $164.84
  • 3 Days on Market
  • MLS # : 14481252
  • Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,517 sqft
  • Baths : 2 full
Listing Agent

Firehouse Real Estate Services

Listing Agent's Description

If you are looking for the opportunity of a lifetime look no further! This country style home located in one of the fastest growing communities in Collin County. With over 2,500 sq ft you will not only be able to enjoy the escape of the country but your home will be your open concept sanctuary. Whether you are one who entertains or one that raises our next generation you will rest peacefully with a separated primary bedroom. The kitchen island was made for those ready for the long talks we never knew we needed, big family dinners, and memorable parties. Finally the view from the kitchen will give you that country feel that seems harder and harder to find. Your dream home is waiting for you here in Anna Texas!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$373,410$456,390$414,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,531
Property Tax -$835
Property Insurance -$173
HOA -$42
Property Management Fees -$99
CASH FLOW
-$949

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.

$414,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.42%

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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$63

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,6954$1,7305$1,798
$1,798
RENT COMPS ANALYSIS
  • 3012 Crossing Drive Anna, TX 4
    • 3 beds 2 baths ∙ 2,517 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,517 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.69
    •  
  • 2049 Helmoken Falls Drive Anna, TX 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2006
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 225 Hilltop Drive Anna, TX 2
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2004
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 2118 Athabasca Falls Drive Anna, TX 3
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2005
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.64
    •  
  • 2040 Hanakoa Falls Drive Anna, TX 5
    • 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,798
    • $0.73
    •  
PROPERTY LISTING DETAILS
Michael Wilson
Firehouse Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481252
Last Updated: 12/04/2020
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