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127 Oakview Drive Hudson Oaks, TX 76087

4 Beds 3 Baths 3,040 sqft Built 1998

$479,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $157.57
  • 3 Days on Market
  • MLS # : 14484936
  • Updated Date : 12/11/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,040 sqft
  • Baths : 3 full
Listing Agent

Mission Real Estate Group

Listing Agent's Description

This beautiful home has lots of renovations and freshly painted brick on the exterior of the home. Located within the sought after Aledo Schools, this 4 bedroom home is a must see. Home has 2 bedrooms upstairs, with a shared full bath and a 2nd living-bonus room. Downstairs has the master bedroom with a second master that has its own sink and full bath. Kitchen is recently renovated with stainless appliances and granite countertops. Luxury Vinyl floors are throughout the home, in all bedrooms down and upstairs. The backyard is a golfers dream with a large putting green with 4 hole locations and a sand trap.

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: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262325

* 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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,767
Property Tax -$864
Property Insurance -$203
Property Management Fees -$99
CASH FLOW
-$233

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.

$479,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,675

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4953$2,7004$3,000
$3,000
RENT COMPS ANALYSIS
  • 127 Oakview Drive Hudson Oaks, TX 3
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
  • 922 Thistle Hill Trail Weatherford, TX 1
    • 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.78
    •  
  • 413 Big Creek Road Willow Park, TX 2
    • 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 521 Parker Oaks Lane Hudson Oaks, TX 4
    • 3 beds 3 baths ∙ 3,105 Sqft ∙ Built 2013 3 beds 3 baths ∙ 3,105 Sqft ∙ Built 2013
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Joe Iley
Mission Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484936
Last Updated: 12/11/2020
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