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413 Kelvington Drive Anna, TX 75409

3 Beds 2 Baths 1,665 sqft Built 2013

$279,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $168.11
  • 3 Days on Market
  • MLS # : 14516151
  • Updated Date : 02/13/2021 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,665 sqft
  • Baths : 2 full
Listing Agent

Megastar Realty Group,ltd

Listing Agent's Description

Beautiful Bloomfield home, Bluebonnet Plan** Single story, 3 Bedrooms, 2 baths 2 car, has been gently lived in. Built-in 12 foot Buffet Coffee - Bar, Large Granite Island** 5 Burner gas stove, stainless appliances ** Covered front porch, covered back patio, good sized lot with sprinkler system & gutters** Split bedrooms, master suite with walk-in closet, dual sink, energy efficient! ATMOS & ONCOR. Community Pool, club house, Play ground ** Blinds Thru- out! Ready for move - In!

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$972
Property Tax -$563
Property Insurance -$123
HOA -$38
Property Management Fees -$99
CASH FLOW
-$206

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.

$279,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,6004$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 413 Kelvington Drive Anna, TX 2
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.95
    •  
  • 1132 Honeywell Drive Anna, TX 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 1125 Honeywell Drive Anna, TX 3
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 517 Kelvington Drive Anna, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 221 Bonsai Drive Anna, TX 5
    • 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.94
    •  
PROPERTY LISTING DETAILS
Al Taghizadeh
Megastar Realty Group,ltd
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516151
Last Updated: 02/13/2021
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