Summary
πSUBTO Deal in Anna, TX – Incredible Equity Opportunity! π
π Property Details:
- Address: 600 Brock Dr, Anna, TX 75409
- Type: Single Family Home
- Bed/Baths: 4 beds, 2 baths
- SQFT: 2,707 sqft
- Year Built: 2019
- Purchase Price: $379,000
- Down Payment $35,000
- Interest Rate: 3%
- After Repair Value (ARV): $550,000
π Deal Overview:
- Equity: $171,000 in equity in a high-growth area!
- Condition: The property is in perfect condition, no major repairs needed!
- Terms:
- Take over loan Subject to for $279,100.59 at an incredible 3% interest rate.
- Only $35,000 down (Less than 10% of ARV!).
- Sellers will lease the property back for 1 year paying $2,700/month in rent.
- PITI is only $2,685.92/month, ensuring a cash flow-positive situation right from the start.
- Balloon payment of $85,000 due in 5 years.
π Investment Highlights:
- Phenomenal Equity: Gain over $171,000 in equity from the get-go.
- High-Growth Location: Anna, TX is just an hour from Dallas, in a fast-appreciating market.
- Minimal Out-of-Pocket: $35,000 down payment for a property with huge potential and positive cash flow.
- Rent-Ready or Hold: Sellers stay for 1 year, providing immediate cash flow while the market continues to appreciate.
- Long-Term Strategy: Hold the property and enjoy equity growth, or exit with a strong profit margin at the end of the lease term.
π Comparable Sales:
- 630 Brook Dr, Anna, TX 75409 - Sold for $506,000 (3 bd, 2 ba, 2,486 sqft)
- 309 Tate Ln, Anna, TX 75409 - Sold for $522,000 (4 bd, 3 ba, 2,499 sqft)
- 1010 Sharp St, Anna, TX 75409 - Sold for $538,000 (4 bd, 3 ba, 2,907 sqft)
- 909 Susan St, Anna, TX 75409 - Sold for $569,000 (4 bd, 3 ba, 2,901 sqft)
- 1116 Indianola Trl, Anna, TX 75409 - Sold for $578,000 (4 bd, 3 ba, 2,487 sqft)
π Location Perks:
- Proximity to Dallas: Just an hour from the booming Dallas market.
- Growing Area: Anna is seeing rapid appreciation and is a sought-after area for homebuyers and renters alike.
Don't miss out on this rare Subject-to deal in Anna, TX! With low money down, huge equity, and the potential for cash flow, this is an ideal buy-and-hold investment.
Please Call 845-238-4717 For More Inforamation
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$123k
$99k
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