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11405 Alpine Springs Drive Aubrey, TX 76227

4 Beds 3 Baths 2,348 sqft Built 2021

$297,999

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $126.92
  • 4 Days on Market
  • MLS # : 14470589
  • Updated Date : 11/12/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

The Harmony plan is a stunning 1.5 story home with an open concept, kitchen opens to the family room, great for family gatherings. This home offers 4 bedrooms, 2.5 baths, luxury vinyl plank floors, granite countertops, 36 inch cabinets, decorative tile backsplash and stainless steel appliances. This home is complete with a covered patio, excellent for entertaining & oversized corner homesite. Owners suite boasts a large walk in closet & oversized shower. Aspen Meadows is a one of kind community, 40 acres of nature preserve for residents to enjoy, with camping grounds, 7.5 acre recreation field, community pavilion, pool and park. Completion date FEBRUARY 2021

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$268,199$327,799$297,999

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,099
Property Tax -$637
Property Insurance -$163
HOA -$61
Property Management Fees -$99
CASH FLOW
$180

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$297,999

PROJECTED PRICE

$2,240

PROJECTED RENT

0.75%

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) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$80,970

INVESTMENT

$80,970

Down Payment
$74,500
Rehab Estimate
$2,000
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,499
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$34,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9903$1,9954$2,2405$2,400
$2,400
RENT COMPS ANALYSIS
  • 11405 Alpine Springs Drive Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.95
    •  
  • 10805 Culberson Drive Aubrey, TX 1
    • 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
    •  
  • 2609 Warren Lane Aubrey, TX 2
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 10912 Blaze Street Aubrey, TX 3
    • 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
    •  
  • 2824 Grizzly Road Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,571 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,571 Sqft ∙ Built 2019
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470589
Last Updated: 11/12/2020
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