πŸ“SUBTO Deal in Anna, TX – Incredible Equity Opportunity! πŸ“

Collin County, Anna, TX, 75409
Sold
Listed at: September 10th, 2024
Price
$35,000
ARV
$550,000
Gross Margin
$515,000
Sq. Footage
2708
Type
Single-Family
Parking
Driveway
Year build
2019
Lot size
0.18 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

πŸ“SUBTO Deal in Anna, TX – Incredible Equity Opportunity! πŸ“

πŸ’Ž 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

🏠 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.

πŸ“ˆ 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.

πŸ“Š 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)

πŸ“ 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

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Teeshan Udayakumar (845 -238 - 4717)

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