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811 Anne Court Anna, TX 75409

3 Beds 2 Baths 2,218 sqft Built 2020

$345,578

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.81
  • 1 Days on Market
  • MLS # : 14467758
  • Updated Date : 11/07/2020 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,218 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14467758 - Built by Windsor Homes - January completion! ~ Beautiful Brick and Stone 1-story home with Large Inlaid Brick Covered Sit down and Relax Front Porch, Exterior Up-Lights, 3-Bedroom, 2.5 Baths, Large Study, 10-12 Ft. Tall Ceilings, 8-Ft. Tall Doors, Wood Floors, Gourmet Kitchen , Large Island, Gas Cook-Top, Commercial Style Vent Hood, Double Oven, Under Cabinet Lighting, Pendant Lights, Shaker Style Cabinets, Granite Counter Tops and Tile Backsplash, Family Room with Gas Log Fireplace, Master Bedroom with 12 Ft. Tall Ceiling, Large Boxed Window Seat, Master Bath with Split Vanities, Knee Space, Oversized Counter Tops with undermount Sinks. Large Shower with Seat, Large Covered Patio

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
 

$311,020$380,136$345,578

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,275
Property Tax -$696
Property Insurance -$155
HOA -$50
Property Management Fees -$99
CASH FLOW
-$185

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.

$345,578

PROJECTED PRICE

$2,090

PROJECTED RENT

0.60%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,578

INVESTMENT

$93,578

Down Payment
$86,395
Rehab Estimate
$2,000
Closing Costs
$5,184

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,275

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,395
Loan Amount $259,184
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,113

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$2,0904$2,0905$2,200
$2,200
RENT COMPS ANALYSIS
  • 811 Anne Court Anna, TX 4
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.94
    •  
  • 2617 Hillrich Drive Anna, TX 1
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2017
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 4504 Mimosa Drive Melissa, TX 2
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 1828 Clark Street Anna, TX 3
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 2017
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.97
    •  
  • 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 #: 14467758
Last Updated: 11/07/2020
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