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1212 Coyote Ridge Aubrey, TX 76227

4 Beds 2 Baths 2,132 sqft Built 2021

$326,228

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $153.02
  • 2 Days on Market
  • MLS # : 14505151
  • Updated Date : 01/22/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,132 sqft
  • Baths : 2 full
Listing Agent

Classic Property Management

Listing Agent's Description

Brand New Home Built by Bloomfield Homes, Completely Ready for you to Move in May 2021! Part of our modern Elements line, this one-story offers an open layout with 4 beds & 2 baths. 6' 8in Solid Mahogany Door with Rain Glass & Wrought Iron Accents. Beautiful Wood-look Tile throughout - all the looks with none of the upkeep. Spacious Kitchen with wall of contemporary cabinets, Glass & Metal Vent Hood, Gas cooking on SS Appliances, and Granite countertops. Large Owner's Bed & Bath Suite, upgraded to have dual sinks. Mud Room and plenty of extra storage. Large Window Seat that extends into bench, extra storage & linen closets, plenty of windows. Laundry Room. So much included, call today to learn more!

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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$293,605$358,851$326,228

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,133
Property Tax -$697
Property Insurance -$150
HOA -$65
Property Management Fees -$99
CASH FLOW
$45

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.

$326,228

PROJECTED PRICE

$2,190

PROJECTED RENT

0.67%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$88,450

INVESTMENT

$88,450

Down Payment
$81,557
Rehab Estimate
$2,000
Closing Costs
$4,893

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 $81,557
Loan Amount $244,671
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,180

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,1993$2,1994$2,1995$2,225
$2,225
RENT COMPS ANALYSIS
  • 1212 Coyote Ridge Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
  • 1900 Tomahawk Trail Aubrey, TX 2
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.02
    •  
  • 1924 Tomahawk Trail Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.02
    •  
  • 3017 Stallion Trail Aubrey, TX 4
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.02
    •  
  • 1908 Cinnamon Trail Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2019
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $1.03
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505151
Last Updated: 01/22/2021
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