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2101 Pine Knoll Way 
Anna, TX
75409
3 Beds 2 Baths 1,328 sqft
Built 2012
INVESTimate
$208,000
List Price
$60,870
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $156.63
- 2 Days on Market
- MLS # : 14419535
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,328 sqft
- Baths : 2 full
Listing Agent
Linwood Realty, Llc
Listing Agent's Description
OPEN HOUSE SATURDAY 8-29 2-4 VERY carefully maintained three bedroom, two bath in Anna, TX! The roof was completed in July 2020, brand new carpet, new paint, a touchscreen thermostat with WiFi, Platinum P.O.C Air purifier that drastically reduces allergens, and a reverse osmosis water system connected to the ice maker in the kitchen!! As soon as you walk in, you have your two bedrooms and guest bathroom to the left. Step foot into the light and bright living room with soaring ceilings, that opens into the kitchen and dining room. Kitchen has tons of storage! The split master bedroom is located at the back of the home for a quiet retreat. The master bathroom has a very large soaking tub and the closet is HUGE!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75409
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$767 |
| Property Tax | -$419 | |
| Property Insurance | -$104 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$44
|
||
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.
$208,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.67% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,870
LOAN DETAILS
$767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,000 |
| Loan Amount | $156,000 |
3.58
YEARS SAVED
$8,108
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,365
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2101 Pine Knoll Way Anna, TX 2
- 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,370
- $1.03
-
2028 Spruce Street Anna, TX 1
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2012
![property image]()
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,350
- $1.00
-
1629 Red Oak Trail Anna, TX 3
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
1005 Post Oak Trail Anna, TX 4
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2002
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
1005 Hawthorne Road Anna, TX 5
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2012
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,595
- $1.07
PROPERTY LISTING DETAILS
Linwood Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419535
Last Updated: 08/25/2020
