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327 Elam Drive 
Anna, TX
75409
4 Beds 2 Baths 1,712 sqft
Built 2014
INVESTimate
$234,900
List Price
$67,999
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $137.21
- 17 Days on Market
- MLS # : 14409246
- Updated Date : 08/24/2020 at 21:49
CONSTRUCTION
- Beds : 4
- Floor Size : 1,712 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Super cute DR Horton built 1-story, 4 Bedroom, 2 Bath, 2 car front entry garage with HUGE backyard backs up to greenbelt. Neutral colors, designer ceiling fans, and a Split Bedroom design plan is MOVE-IN READY! The Kitchen includes NEW DISHWASHER, built in microwave, Granite Counter tops, a Walk-In Pantry and a spacious bar overlooking a large dining and living area that is perfect for entertaining! Spacious Master Bedroom with Large Walk In Closet!! Global Efficient Energy Solar Panels have been installed as an added energy savings feature. Just steps from the playground! Full use of the community pool included in the HOA dues.
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75409
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$473 | |
| Property Insurance | -$126 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$34
|
||
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.
$234,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$67,999
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
3.83
YEARS SAVED
$10,097
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,596
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
327 Elam Drive Anna, TX 1
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,560
- $0.91
-
231 Belford Street Anna, TX 2
- 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2015
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
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
-
3242 Dumas Drive Anna, TX 5
- 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
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14409246
Last Updated: 08/24/2020
