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808 Cherry Blossom Street Anna, TX 75409

4 Beds 3 Baths 2,406 sqft Built 2020

$283,490

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $117.83
  • 8 Days on Market
  • MLS # : 14482158
  • Updated Date : 12/07/2020 at 10:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14482158 - Built by Starlight Homes - March completion! ~ This two-story plan has plenty of room for the whole family with 4 bedrooms, 2.5 baths, an upstairs loft and a private backyard. You'll also enjoy a two-car garage, all new appliances and granite countertops...

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
 

$255,141$311,839$283,490

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,046
Property Tax -$569
Property Insurance -$166
HOA -$42
Property Management Fees -$99
CASH FLOW
$198

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$283,490

PROJECTED PRICE

$2,120

PROJECTED RENT

0.75%

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) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$77,125

INVESTMENT

$77,125

Down Payment
$70,873
Rehab Estimate
$2,000
Closing Costs
$4,252

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,046

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,873
Loan Amount $212,618
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$37,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$2,0954$2,1205$2,200
$2,200
RENT COMPS ANALYSIS
  • 808 Cherry Blossom Street Anna, TX 4
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.88
    •  
  • 1822 Birch Wood Road Anna, TX 1
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2006
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 1800 Mesquite Lane Anna, TX 2
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2015
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2813 Mesquite Avenue Melissa, TX 3
    • 5 beds 3 baths ∙ 2,146 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,146 Sqft ∙ Built 2019
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.98
    •  
  • 2415 Thayne Drive Anna, TX 5
    • 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,413 Sqft ∙ Built 2016
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482158
Last Updated: 12/07/2020
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