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401 Creekside Drive Anna, TX 75409

3 Beds 2 Baths 1,267 sqft Built 2004

INVESTimate

$199,990

List Price

$1,340

$1,206 - $1,474

Rent Est.

$219,329  ( +9.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $157.85
  • 2 Days on Market
  • MLS # : 14420286
  • Updated Date : 08/25/2020 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,267 sqft
  • Baths : 2 full
Listing Agent

Grand Ark Llc

Listing Agent's Description

Charming home ready to move in. Newly fresh paint throughout; wood look tile floors in the living, kitchen and hallway; Open floor plan with master separate from two other bedrooms; master bath features walk-in closet and separate shower and vanities. Spacious back yard with large patio. Easy access to highway 75.

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
 

$179,991$219,989$199,990

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$738
Property Tax -$403
Property Insurance -$100
HOA -$21
Property Management Fees -$99
CASH FLOW
-$21

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.

$199,990

PROJECTED PRICE

$1,340

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$58,747

INVESTMENT

$58,747

Down Payment
$49,998
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,998
Loan Amount $149,993
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,337

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,4004$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 401 Creekside Drive Anna, TX 1
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.06
    •  
  • 2028 Spruce Street Anna, TX 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 1629 Red Oak Trail Anna, TX 3
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 1005 Post Oak Trail Anna, TX 4
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 419 Hilltop Drive Anna, TX 5
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2004
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
PROPERTY LISTING DETAILS
Lihua Ada Yang
Grand Ark Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420286
Last Updated: 08/25/2020
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