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128 Royal Oak Drive Aledo, TX 76008

3 Beds 4 Baths 2,850 sqft Built 2021

$549,500

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $192.81
  • 3 Days on Market
  • MLS # : 14541347
  • Updated Date : 03/26/2021 at 14:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,850 sqft
  • Baths : 3 full , 1 half
Listing Agent

Creekview Realty

Listing Agent's Description

New Construction Home on quiet culdesac with mature trees. 0.96 ACRE LOT, Open floorplan, neutral colors, granite, quartzite countertops, upgrades throughout house, large master bathroom with freestanding tub, walk in shower, walk-in closets in all bedrooms, office study, upstairs bonus room with full bathroom and large utility room. Covered back porch and deck; Exemplary Aledo School District Completion Date estimated end of April.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262811

* 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
Stuard Elementary School Primary Regular 531 30 9
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Stuard Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 30
9
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
 

$494,550$604,450$549,500

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,909
Property Tax -$1,231
Property Insurance -$192
Property Management Fees -$99
CASH FLOW
-$690

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.

$549,500

PROJECTED PRICE

$2,740

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$147,618

INVESTMENT

$147,618

Down Payment
$137,375
Rehab Estimate
$2,000
Closing Costs
$8,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,909

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,375
Loan Amount $412,125
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,793

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,6954$2,7405$2,800
$2,800
RENT COMPS ANALYSIS
  • 128 Royal Oak Drive Aledo, TX 4
    • 3 beds 4 baths ∙ 2,850 Sqft ∙ Built 2021 3 beds 4 baths ∙ 2,850 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.96
    •  
  • 713 Westgate Drive Aledo, TX 1
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 208 Welch Folly Lane Aledo, TX 2
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 509 Christel Sun Lane Aledo, TX 3
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2021
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.01
    •  
  • 14833 Complacent Way Aledo, TX 5
    • 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
John Prell
Creekview Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541347
Last Updated: 03/26/2021
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