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513 Kelvington Drive Anna, TX 75409

4 Beds 3 Baths 2,815 sqft Built 2015

$305,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $108.35
  • 5 Days on Market
  • MLS # : 14476620
  • Updated Date : 11/24/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,815 sqft
  • Baths : 2 full , 1 half
Listing Agent

Doug Hoover Real Estate

Listing Agent's Description

GRAND HOME WITH LOTS OF UPGRADES, DESIGNER FRONT DOOR, HARDWOOD FLOORS, TILE AND CARPET. BIG OPEN KITCHEN AND ISLAND WITH GRANITE AND WALK IN PANTRY. OPEN LIVING ROOM WITH STONE FIREPLACE. MASTER SUITE HAS WINDOW SEAT, WALK IN CLOSET, DUAL SINKS, GARDEN TUB AND SEPARATE LARGE SHOWER. 2ND FLOOR FEATURES LARGE BEDROOMS, GAME ROOM WITH STUDY NOOK AND PRIVATE BALCONY. COMMUNITY BUILDING HAS FITNESS CENTER, 2 POOLS, CLUBHOUSE, AND WALKING, JOGGING, BIKE, TRAILS. BEAUTIFUL NEIGHBORHOOD.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,125
Property Tax -$616
Property Insurance -$190
HOA -$38
Property Management Fees -$99
CASH FLOW
-$88

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.

$305,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.65%

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$6.0k$8.0k$10k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,798
1$1,7982$1,8503$1,8954$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 513 Kelvington Drive Anna, TX 4
    • 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.70
    •  
  • 2040 Hanakoa Falls Drive Anna, TX 1
    • 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,473 Sqft ∙ Built 2011
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,798
    • $0.73
    •  
  • 2013 Helmoken Falls Drive Anna, TX 2
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 914 Fulbourne Drive Anna, TX 3
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2012
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 2008 Helmoken Falls Drive Anna, TX 5
    • 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,709 Sqft ∙ Built 2005
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
PROPERTY LISTING DETAILS
Douglas Hoover
Doug Hoover Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476620
Last Updated: 11/24/2020
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