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11001 Blaze Street Aubrey, TX 76227

5 Beds 2 Baths 2,150 sqft Built 2018

$300,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $139.53
  • 3 Days on Market
  • MLS # : 14488566
  • Updated Date : 12/19/2020 at 10:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

C21 Fine Homes Judge Fite

Listing Agent's Description

5 bedroom home 1-story was built in 2018, it's just like new.! This stunning architecturally designed home, sprinklers, and a beautiful front landscape. Be inspired in your gourmet kitchen with beautiful 42 in cabinets, and a stainless steel range GAS cooktop that vents to the outside and dishwasher, granite center island, radiant barrier roof decking, and a smart home package. . Enjoy your elegant main bedroom suite with a luxurious bathroom that includes a walk-in shower and a spacious walk-in closet. Beautiful stone elevation, with matching front garden. Let's not forget the GAS fireplace that adds not only warmth but a wonderful charm to an open floor plan. If you like to run, fish, or just relax, we got it

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,107
Property Tax -$641
Property Insurance -$151
HOA -$75
Property Management Fees -$99
CASH FLOW
-$214

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.

$300,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8004$1,8605$1,900
$1,900
RENT COMPS ANALYSIS
  • 11001 Blaze Street Providence Village, TX 4
    • 5 beds 2 baths ∙ 2,150 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,150 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.87
    •  
  • 9808 Concord Drive Providence Village, TX 1
    • 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 10013 Cherry Hill Lane Providence Village, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2004
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 9928 Concord Drive Providence Village, TX 3
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2004
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 10805 Culberson Drive Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2018
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ron Pritchett
C21 Fine Homes Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488566
Last Updated: 12/19/2020
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