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549 Anderson Avenue Coppell, TX 75019

4 Beds 3 Baths 2,354 sqft Built 1982

$470,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $199.66
  • 3 Days on Market
  • MLS # : 14460330
  • Updated Date : 11/21/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,354 sqft
  • Baths : 2 full , 1 half
Listing Agent

2415 Realty

Listing Agent's Description

Walk in and feel all the natural light, and the beautiful views from your windows of the sparkling pool and back yard. The entire home has been re-textured and painted to give it a modern feel yet the iron stair rail, painted brick fireplace, and molding still gives it plenty of charm. The down stairs boasts 2 living areas and a bonus room for an office. Upstairs you have 4 bedrooms, both upstairs bathrooms have been updated, but the master looks like it belongs in a magazine with new subway tile, stand alone tub, and wood accent wall. Outside will be your favorite place to be. The front yard walks out to the park and connects to a trail system, and the back yard has your pool and 2 seating areas.

SEE MORE

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: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Pinkerton Elementary School Primary Regular 322 25 9
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Pinkerton Elementary School

  • Education Level: Primary
  • # of students: 322
  • # of teachers: 25
9
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,734
Property Tax -$1,052
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$648

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.

$470,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 549 Anderson Avenue Coppell, TX 4
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 441 Cozby Avenue Coppell, TX 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 531 Hawken Drive Coppell, TX 2
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.02
    •  
  • 535 Hawken Drive Coppell, TX 3
    • 3 beds 4 baths ∙ 2,402 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,402 Sqft ∙ Built 2000
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 163 Newport Drive Coppell, TX 5
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jason Moore
2415 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460330
Last Updated: 11/21/2020
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