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3208 Dumas Drive Anna, TX 75409

4 Beds 2 Baths 1,892 sqft Built 2014

$264,990

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $140.06
  • 5 Days on Market
  • MLS # : 14523313
  • Updated Date : 02/28/2021 at 20:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Wonderful DR Horton home in great location across the street from the playground! This lovely open concept home offers tile flooring from entry thru the kitchen & in the wet areas. Nice wide-plank laminate flooring is featured in the living areas and all bedrooms...no carpet! The modern electric FP is the highlight of the living room with vaulted ceiling. The kitchen has gorgeous granite counters, large island with seating and SS appliances. The primary BR is split for privacy and offers a barn door to the large bath with WI shower and open shelving. 1 secondary BR is split and makes a great home office or study and most rooms have fans. Enjoy relaxing on the covered patio and plenty of room for play!

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
 

$238,491$291,489$264,990

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$920
Property Tax -$533
Property Insurance -$137
HOA -$29
Property Management Fees -$99
CASH FLOW
-$49

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.

$264,990

PROJECTED PRICE

$1,670

PROJECTED RENT

0.63%

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-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,972

INVESTMENT

$75,972

Down Payment
$66,248
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,248
Loan Amount $198,743
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,778

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6703$1,6954$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 3208 Dumas Drive Anna, TX 2
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.88
    •  
  • 327 Elam Drive Anna, TX 1
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2014
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 3316 Dumas Drive Anna, TX 3
    • 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
    •  
  • 3242 Dumas Drive Anna, TX 4
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2014
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 327 Carlyle Street Anna, TX 5
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2014
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Alicia Purser
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523313
Last Updated: 02/28/2021
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