1837 Walnut Way · Anna, TX 75409

$255,000

3 bd · 2.0 ba · 1,268 sqft · SingleFamily public records · 211 Days on market

Built 2007 6,534 sqft lot $201/sqft · 15% below area Est $299k · 15% under $32/mo HOA · 2% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.1/15.0
• Cash flow +8.5/30.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this beautifully maintained 3-bedroom home located in one of Anna’s most peaceful and family-friendly neighborhoods—a place where comfort, convenience, and charm come together effortlessly. From the moment you arrive, you’ll appreciate the inviting curb appeal and quiet surroundings that make this property stand out. Step inside to an open and welcoming floor plan designed for both everyday living and effortless entertaining. The spacious, open-concept kitchen serves as the heart of the home, offering ample counter space, generous cabinetry, and a layout that flows seamlessly into the living and dining areas. Whether you’re preparing weeknight dinners, hosting holiday gatherings, or simply enjoying your morning coffee, this kitchen makes every moment feel connected and enjoyable. The living area provides plenty of room to relax and unwind, with natural light filling the space to create a warm and comfortable atmosphere. All three bedrooms are thoughtfully sized, offering flexibility for families, guests, or a home office. The primary suite delivers a peaceful retreat with room to spread out and personalize to your liking. Step outdoors and experience one of the home’s most appealing features: a large, fully fenced backyard. This expansive space is perfect for weekend barbecues, children’s playtime, gardening projects, or giving pets the freedom to roam. Whether you envision cozy evenings on the patio or lively gatherings with friends and family, this backyard is ready to accommodate it all. With its inviting layout, generous outdoor space, and location within a growing, friendly community, this home presents a wonderful opportunity for anyone seeking comfort and convenience in Anna. Don’t miss your chance to tour this charming property and imagine the possibilities of making it your own!

Key facts

• Open concept kitchen
• Inviting curb appeal
• Spacious living area

Tags

• OPEN CONCEPT KITCHEN
• FULLY FENCED BACKYARD
• INVITING CURB APPEAL
• SPACIOUS LIVING AREA
• PEACEFUL RETREAT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-226 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (15.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (19.3% below list).
• Recommended offer: $206k (19.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.6% in Anna — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#127 in TX, #3,880 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F.
• Anna ISD (rural): math 44% / reading 41% proficiency, ranked #271 of 826 in TX (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.9%/yr); 1199 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 211 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,664 (19.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 211 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 5.23%
• Cash-on-cash: -3.79%
• DSCR: 0.83
• GRM: 10.3

CMA / ARV

• ARV (median comp): $298,890
• List price: $255,000
• Delta: -14.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1618 Chestnut St	0.44mi	3/2.0	1,294 (+2%)	4mo	$255,000	$197	73
1722 Elm St	0.34mi	3/2.0	1,268 (0%)	18mo	$275,000	$217	69
1629 Black Oak Ct	0.65mi	3/2.0	1,237 (-2%)	1mo	$250,000	$202	64
1709 Chestnut St	0.37mi	3/2.0	1,369 (+8%)	8mo	$255,000	$186	63
1605 White Oak Rd	0.62mi	3/2.0	1,237 (-2%)	7mo	$280,000	$226	61
1414 Post Oak Trl	0.33mi	3/2.0	1,388 (+10%)	12mo	$275,000	$198	59
1205 Ash St	0.55mi	3/2.0	1,388 (+10%)	2mo	$279,900	$202	56
1109 Oak Hollow Ln	0.46mi	3/2.0	1,388 (+10%)	8mo	$289,000	$208	56
9650 Twin Creeks Cir	0.69mi	3/2.0	1,232 (-3%)	10mo	$475,000	$386	55
1013 Post Oak Trl	0.56mi	3/2.0	1,369 (+8%)	8mo	$250,000	$183	54
1618 Pin Oak Trl	0.74mi	3/2.0	1,369 (+8%)	3mo	$215,000	$157	50
911 Live Oak Dr	0.68mi	3/2.0	1,388 (+10%)	3mo	$239,900	$173	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -26.2%
• Equity multiple: 0.14×
• Total profit: $-61,644
• Equity at exit: $38,021

10-year hold

• IRR: -38.5%
• Equity multiple: -0.33×
• Total profit: $-95,142
• Equity at exit: $22,048

Cash invested: $71,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75409

• Home prices YoY: -20.1%
• Rents YoY: -1.9%
• Active inventory: 1199
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,057 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$375 /mo · $4,500/yr
• Insurance: −$106
• HOA: −$32
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $-226

Break-even live

Break-even rent $2,342

Max offer price $215,113

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1838 Walnut Way Anna, TX	3.0	2.0	1623	$1,800	$1.11	24d	1	0.06mi
2126 Redbud Dr Anna, TX	3.0	2.0	1507	$1,845	$1.22	24d	1	0.19mi
2043 Atlantic Ave Anna, TX	3.0	2.0	1645	$2,200	$1.34	24d	1	0.19mi
1825 Birch Wood Rd Anna, TX	3.0	2.0	1868	$2,100	$1.12	43d	1	0.20mi
2134 Redbud Dr Anna, TX	3.0	2.0	1731	$2,000	$1.16	43d	1	0.20mi
2312 Sable Wood Dr Anna, TX	3.0	2.0	1507	$1,890	$1.25	2d	1	0.32mi
1424 Cottonwood Trl Anna, TX	3.0	2.0	1209	$2,199	$1.82	7d	1	0.35mi
1313 Oak Hollow Ln Anna, TX	3.0	2.0	1595	$1,795	$1.13	43d	1	0.38mi
1601 Elm St Anna, TX	3.0	2.0	1388	$1,850	$1.33	24d	1	0.43mi
1102 Oak Hollow Ln Anna, TX	3.0	2.0	1635	$1,775	$1.09	16d	1	0.50mi
9014 Conway Rd Anna, TX	3.0	1.0	1429	$2,250	$1.57	18d	1	0.52mi
2100 Cypress Way Anna, TX	3.0	2.0	1483	$1,850	$1.25	4d	1	0.55mi
2037 Cedar Trl Anna, TX	4.0	2.0	1817	$2,700	$1.49	4d	1	0.57mi
2255 W White St Unit 2102 Anna, TX	2.0	2.0	1104	$1,399	$1.27	5d	1	0.58mi
1001 Persimmon Dr Anna, TX	1.0–3.0	1.0–2.0	1141	$2,139	$1.87	43d	1	0.61mi
1000 Persimmon Dr Anna, TX	1.0–3.0	1.0–2.0	1114	$2,208	$1.98	2d	97	0.61mi
821 Oak Hollow Ln Anna, TX	3.0	2.0	1809	$1,975	$1.09	12d	1	0.64mi
1901 Pecan Grove Dr Anna, TX	3.0	2.0	1866	$1,995	$1.07	43d	1	0.65mi
906 Post Oak Trl Anna, TX	4.0	2.0	1736	$1,895	$1.09	43d	1	0.66mi
1925 Carol Ln Anna, TX	4.0	2.0	1617	$1,995	$1.23	17d	1	0.69mi
1601 Black Oak Ct Anna, TX	3.0	2.0	1369	$1,700	$1.24	43d	1	0.70mi
2805 Leslie Ln Anna, TX	3.0	2.0	1672	$2,050	$1.23	4d	1	0.71mi
907 Live Oak Dr Anna, TX	3.0	2.0	1789	$1,850	$1.03	43d	1	0.72mi
817 Live Oak Dr Anna, TX	3.0	2.0	1294	$1,695	$1.31	1d	1	0.74mi
817 Live Oak Dr Anna, TX	3.0	2.0	1294	$1,695	$1.31	7d	1	0.74mi
1809 River Crossing Dr Anna, TX	3.0	2.0	1522	$1,900	$1.25	18d	1	0.86mi
518 Niagara Falls Dr Anna, TX	3.0	2.0	1730	$1,875	$1.08	24d	1	0.86mi
518 Niagara Falls Dr Anna, TX	3.0	2.0	1730	$1,875	$1.08	17d	1	0.86mi
816 Juniper St Anna, TX	3.0	2.0	1459	$2,000	$1.37	1d	1	0.88mi
1519 River Crossing Dr Anna, TX	3.0	2.0	1281	$1,800	$1.41	43d	1	0.89mi
820 Cedar Elm Dr Anna, TX	4.0	2.0	1779	$1,995	$1.12	43d	1	0.90mi
501 Kaie Teur Dr Anna, TX	3.0	2.0	1737	$1,900	$1.09	16d	1	0.90mi
1614 River Crossing Dr Anna, TX	3.0	2.0	1302	$1,686	$1.29	7d	1	0.90mi
408 Westpark Dr Anna, TX	3.0	2.0	1302	$1,800	$1.38	24d	1	0.94mi
421 Stanley Falls Dr Anna, TX	3.0	2.5	1672	$1,899	$1.14	6d	1	0.95mi
921 Bois D Arc Ln Anna, TX	3.0	2.0	1699	$1,799	$1.06	24d	1	0.96mi
921 Isabel Dr Anna, TX	3.0	2.5	1869	$2,370	$1.27	43d	1	0.97mi
1116 Oliver Dr Anna, TX	4.0	2.5	1609	$2,035	$1.26	43d	1	0.98mi
1100 Oliver Dr Anna, TX	4.0	2.5	1740	$2,075	$1.19	43d	1	1.00mi
405 Laurenbrooke Dr Anna, TX	4.0	2.0	1726	$2,300	$1.33	43d	1	1.00mi

HOA detail

• Monthly dues: $32 · $384/yr

Listing history 25 events

1. 2026-06-18
   days on market $255,000 Active 211 DOM
2. 2026-06-17
   days on market $255,000 Active 210 DOM
3. 2026-06-16
   days on market $255,000 Active 209 DOM
4. 2026-06-15
   days on market $255,000 Active 208 DOM
5. 2026-06-13
   days on market $255,000 Active 206 DOM
6. 2026-06-13
   days on market $255,000 Active 205 DOM
7. 2026-06-09
   days on market $255,000 Active 202 DOM
8. 2026-06-08
   days on market $255,000 Active 201 DOM
9. 2026-06-07
   days on market $255,000 Active 200 DOM
10. 2026-06-04
    days on market $255,000 Active 197 DOM
11. 2026-06-03
    days on market $255,000 Active 196 DOM
12. 2026-06-02
    days on market $255,000 Active 195 DOM
13. 2026-06-01
    days on market $255,000 Active 194 DOM
14. 2026-05-31
    days on market $255,000 Active 193 DOM
15. 2026-03-28
    historical $1,900
16. 2025-11-19
    listed $255,000 Active 1881-char remark

    Show marketing remark (1881 chars)

    Discover this beautifully maintained 3-bedroom home located in one of Anna’s most peaceful and family-friendly neighborhoods—a place where comfort, convenience, and charm come together effortlessly. From the moment you arrive, you’ll appreciate the inviting curb appeal and quiet surroundings that make this property stand out. Step inside to an open and welcoming floor plan designed for both everyday living and effortless entertaining. The spacious, open-concept kitchen serves as the heart of the home, offering ample counter space, generous cabinetry, and a layout that flows seamlessly into the living and dining areas. Whether you’re preparing weeknight dinners, hosting holiday gatherings, or simply enjoying your morning coffee, this kitchen makes every moment feel connected and enjoyable. The living area provides plenty of room to relax and unwind, with natural light filling the space to create a warm and comfortable atmosphere. All three bedrooms are thoughtfully sized, offering flexibility for families, guests, or a home office. The primary suite delivers a peaceful retreat with room to spread out and personalize to your liking. Step outdoors and experience one of the home’s most appealing features: a large, fully fenced backyard. This expansive space is perfect for weekend barbecues, children’s playtime, gardening projects, or giving pets the freedom to roam. Whether you envision cozy evenings on the patio or lively gatherings with friends and family, this backyard is ready to accommodate it all. With its inviting layout, generous outdoor space, and location within a growing, friendly community, this home presents a wonderful opportunity for anyone seeking comfort and convenience in Anna. Don’t miss your chance to tour this charming property and imagine the possibilities of making it your own!

17. 2025-10-31
    historical
18. 2025-07-12
    listed $1,900
19. 2025-05-21
    price $255,000
20. 2025-05-12
    listed $280,000 Active
21. 2016-04-06
    historical
22. 2016-02-29
    soldstatus
23. 2016-02-26
    status Pending
24. 2016-02-26
    soldstatus Sold
25. 2016-02-24
    listed $147,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,500 · $375/mo
• Projected year-2 tax: $4,666 · $389/mo
• Expected delta: +$166/yr (+$14/mo · 3.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,680
• − Mortgage interest: −$14,284
• − Property taxes: −$4,500
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,974
• − Management: −$1,974
• − HOA: −$384
• − Depreciation: −$7,418
• Taxable loss: −$7,131
• Est. tax savings @ 24.0%: +$1,711
• After-tax cash flow: $-998/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Anna ISD
• NCES district ID: 4808340
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 41% ▼ -4.00%
• Median HH income: $67,456
• Composite: 38.26/100
• National rank: #4241
• State rank: #271 of 826 in TX

Livability — Anna

• Score: 75/100
• State rank: #127
• US rank: #3880

Category grades

Amenities F Commute F Cost of living B+ Crime A Employment A+ Housing A+ Health & safety C+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anna, TX
• County: Collin County · 1,159,394 people
• City population: 27,131
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 27,131
• Household income: $104,814
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 454.0

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 61% Hispanic / Latino 20% Black 15% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 1%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 18% French/Haitian/Cajun 2%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.99%
• Current HPI: 235.0945
• Rent YoY: ▼ -1.92%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-98.7% since first listed

11 events — show timeline

• 2026-03-28 Rental Removed $1,900 APPFOLIO
• 2025-11-19 Listed $255,000 NTREIS
• 2025-10-31 Listing Removed — NTREIS
• 2025-07-12 Listed for Rent $1,900 APPFOLIO
• 2025-05-21 Price Changed $255,000 NTREIS
• 2025-05-12 Listed $280,000 NTREIS
• 2016-04-06 Listing Removed — NTREIS
• 2016-02-29 Sold (Public Records) — Public Records
• 2016-02-26 Pending — NTREIS
• 2016-02-26 Sold (MLS) — NTREIS
• 2016-02-24 Listed $147,000 NTREIS

Property tax history

+4.0%/yr

Latest (2025): $4,500 · -11.4% YoY. Source: county tax records.