Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5339 Anita Street Dallas, TX 75206

4 Beds 4 Baths 2,331 sqft Built 2017

$735,000

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $315.32
  • 5 Days on Market
  • MLS # : 14518710
  • Updated Date : 02/24/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,331 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Sought after newer construction near MStreets and Glencoe Park. Built by popular PSW Homes, the seller spared no expense when selecting upgrades and finishes for this 4 bedroom architecturally significant modern contemporary true Green and Energy Efficient home, situated on one of largest pool size lots. The master suite is down and 3 bedrooms upstairs. There are 3 full baths plus half bathroom down. Smooth 5 inch nail down oak flooring throughout. The kitchen has 42 inch upper Shaker style cabinets with modern hardware,KitchenAid stainless steel appliance package with gas range, and a stunning oversized Quartz island. Beautiful custom luxury blinds and window treatments throughout. Mockingbird Elementary.

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: 75206

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $102k463k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75206

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9472729

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$661,500$808,500$735,000

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$2,553
Property Tax -$3,208
Property Insurance -$162
HOA -$125
Property Management Fees -$99
CASH FLOW
-$2,067

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$735,000

PROJECTED PRICE

$4,080

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,553

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$10,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,080

    LIST RENT
  • $1.75

    LIST RENT PER SQFT
  • $3,607

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5503$3,6504$3,7505$4,080
$4,080
RENT COMPS ANALYSIS
  • 5339 Anita Street Dallas, TX 5
    • 4 beds 4 baths ∙ 2,331 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,331 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $4,080
    • $1.75
    •  
  • 5613 Martel Avenue Dallas, TX 1
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.46
    •  
  • 5557 Martel Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.42
    •  
  • 3835 Pine Tree Court Dallas, TX 3
    • 3 beds 4 baths ∙ 2,274 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,274 Sqft ∙ Built 2015
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 5532 Matalee Avenue Dallas, TX 4
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2006
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.70
    •  
PROPERTY LISTING DETAILS
Lou Nettle
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518710
Last Updated: 02/24/2021
BESbswy