Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1211 Alderwood Drive Justin, TX 76247

4 Beds 2 Baths 1,978 sqft Built 2021

$326,332

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $164.98
  • 3 Days on Market
  • MLS # : 14504590
  • Updated Date : 01/22/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14504590 - Built by Impression Homes - Ready Now! ~ This gorgeous Cambridge home plan by Impression Homes with a decadent front porch as well as extended covered back patio has 4 bedrooms, 2 bathrooms, a family foyer from the garage entry, lots of light and open living spaces. The Smarter Living home automation package includes a Ring Doorbell, Z Wave, wiring for a wireless access point, etc. all on one single app. Set your story for coming home or going to bed to make your home conform to a preset temperature, lighting, etc. Even close your garage door after you leave home with a touch of a button! Fantastic open concept. Must see.

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: 76247

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76247

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10532171

* 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
Justin Elementary School Primary Regular 506 33 5
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

Justin Elementary School

  • Education Level: Primary
  • # of students: 506
  • # of teachers: 33
5
GreatSchools Rating

Gene Pike Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
7
GreatSchools Rating

Northwest High School

  • Education Level: High
  • # of students: 2,793
  • # of teachers: 170
6
GreatSchools Rating
 

$293,699$358,965$326,332

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,133
Property Tax -$680
Property Insurance -$142
HOA -$67
Property Management Fees -$99
CASH FLOW
-$21

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.

$326,332

PROJECTED PRICE

$2,100

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,478

INVESTMENT

$88,478

Down Payment
$81,583
Rehab Estimate
$2,000
Closing Costs
$4,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,133

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,583
Loan Amount $244,749
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0503$2,1004$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 1211 Alderwood Drive Justin, TX 4
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
  • 276 Hilltop Drive Justin, TX 1
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2017
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 260 Hilltop Drive Justin, TX 2
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2017
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
  • 100 Honeysuckle Drive Justin, TX 3
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
  • 282 Hilltop Drive Justin, TX 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2016
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Imp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504590
Last Updated: 01/22/2021
BESbswy