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1019 S Fm 5 Aledo, TX 76008

3 Beds 4 Baths 3,227 sqft Built 2013

$674,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $209.14
  • 4 Days on Market
  • MLS # : 14534763
  • Updated Date : 03/18/2021 at 16:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,227 sqft
  • Baths : 2 full , 2 half
Listing Agent

Fadal Buchanan & Associatesllc

Listing Agent's Description

ACREAGE!! POOL!!! ALEDO SCHOOLS!!! Don't pass up this opportunity to own a piece of heaven, Beautiful Ranch with open concept plan, scraped hardwood floors throughout main living area, living room with wood burning fireplace, Kitchen with plenty of storage, counter space, breakfast bar, walk in pantry and mud room feet away, Family room off of eat in kitchen that shares a half bath with access to backyard, Master suite boosts sitting area, luxury amenities with walk in shower, separate sinks, 2nd bedroom with half bath, Entertain with covered patio, tv hookup, Salt water pool, more than 5 enclosed parking spaces 2 attached to house, Close to Highway, Shopping, Schools, downtown

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262811

* 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
Stuard Elementary School Primary Regular 531 30 9
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Stuard Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 30
9
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$607,410$742,390$674,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,344
Property Tax -$1,512
Property Insurance -$214
Property Management Fees -$99
CASH FLOW
-$1,628

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.

$674,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,599

INVESTMENT

$184,599

Down Payment
$168,725
Rehab Estimate
$5,750
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,344

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,725
Loan Amount $506,175
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,872

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5403$2,8004$2,800
$2,800
RENT COMPS ANALYSIS
  • 1019 S Fm 5 Aledo, TX 2
    • 3 beds 4 baths ∙ 3,227 Sqft ∙ Built 2013 3 beds 4 baths ∙ 3,227 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.79
    •  
  • 424 Valley View Court Aledo, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 148 Bluff View Drive Aledo, TX 3
    • 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,203 Sqft ∙ Built 1995
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
  • 14833 Complacent Way Aledo, TX 4
    • 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Dolores Fadal
Fadal Buchanan & Associatesllc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534763
Last Updated: 03/18/2021
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