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11221 Blaze Street Aubrey, TX 76227

4 Beds 2 Baths 2,033 sqft Built 2019

$299,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $147.07
  • 4 Days on Market
  • MLS # : 14498910
  • Updated Date : 01/16/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,033 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Don’t wait to build, move-in to this better than new home completed in December of 2019. Upgraded white cabinets, granite kitchen countertops, covered patio, blinds and newly installed gutters. A kitchen fit for a chef with a large island and SO MUCH storage. Garden tub and large walk-in closet in the owners suite. Silverado hosts a community pool, several playgrounds, walking trails, ponds and a on-site elementary school. All offers must have pre-approval attached. OFFERS DUE - please have highest and best offers by 8PM Jan 16 to brimelton@kw.com

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

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,039
Property Tax -$639
Property Insurance -$145
HOA -$75
Property Management Fees -$99
CASH FLOW
$34

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.

$299,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.68%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,9004$1,9955$2,030
$2,030
RENT COMPS ANALYSIS
  • 11221 Blaze Street Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.00
    •  
  • 2509 Galisto Lane Providence Village, TX 1
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 10805 Blaze Street Providence Village, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2018
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 10805 Culberson Drive Aubrey, TX 3
    • 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
    •  
  • 10912 Blaze Street Aubrey, TX 4
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
PROPERTY LISTING DETAILS
Brianna Melton
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498910
Last Updated: 01/16/2021
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