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11204 Cobalt Drive Aubrey, TX 76227

3 Beds 2 Baths 1,521 sqft Built 2019

$250,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $164.37
  • 2 Days on Market
  • MLS # : 14527772
  • Updated Date : 03/06/2021 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,521 sqft
  • Baths : 2 full
Listing Agent

New Home Dfw

Listing Agent's Description

**MULTIPLE OFFERS - Best & Final Offers Due March 7th at 9:00pm** IT'S YOUR LUCKY DAY...Barely lived-in home without the build time! Stone & brick exterior home in Silverado. Greeted with wood-look tile throughout main areas & master bedroom, open concept kitchen with stainless steel gas stove, dishwasher & built-in microwave. Island overlooking a family room with corner fireplace. Master bathroom has garden tub, separate shower, dual sinks & walk-in closet. Covered back patio with extended patio area is a bonus. Spacious backyard with room to roam & play! Come see this home before it's SOLD!!!

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: 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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Monaco Elementary School Primary Regular 642 36 6
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Monaco Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 36
6
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$868
Property Tax -$495
Property Insurance -$115
HOA -$150
Property Management Fees -$99
CASH FLOW
-$167

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.

$250,000

PROJECTED PRICE

$1,560

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,563

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6953$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 11204 Cobalt Drive Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.03
    •  
  • 2509 Galisto Lane Providence Village, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 10805 Blaze Street Providence Village, TX 3
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 9807 Concord Drive Providence Village, TX 4
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 11321 Blaze Street Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2019
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Rob Vaughan
New Home Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527772
Last Updated: 03/06/2021
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