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1320 Windflower Drive Aubrey, TX 76227

4 Beds 3 Baths 2,278 sqft Built 2020

$385,215

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $169.10
  • 6 Days on Market
  • MLS # : 14489925
  • Updated Date : 12/23/2020 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,278 sqft
  • Baths : 3 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14489925 - Built by Highland Homes - August completion! ~ Popular one story floor plan! 12' foyer, 11' ceilings throughout, 8' interior doors with 6 baseboards. Spacious kitchen with white and stained cabinets. Quartz kitchen counters with built-in appliances and herringbone backsplash. Luxury vinyl plank flooring throughout the main areas and a stone fireplace in the family room.

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

Neighborhood: Union Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Union Park

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
 

$346,694$423,737$385,215

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 -$1,421
Property Tax -$823
Property Insurance -$159
HOA -$68
Property Management Fees -$99
CASH FLOW
-$331

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.

$385,215

PROJECTED PRICE

$2,240

PROJECTED RENT

0.58%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,082

INVESTMENT

$104,082

Down Payment
$96,304
Rehab Estimate
$2,000
Closing Costs
$5,778

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,304
Loan Amount $288,911
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,939

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
  • $0.98

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9993$2,2404$2,2505$2,550
$2,550
RENT COMPS ANALYSIS
  • 1320 Windflower Drive Aubrey, TX 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.98
    •  
  • 1813 Ridge Creek Lane Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2016
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
  • 1009 Appalachian Lane Savannah, TX 2
    • 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2009
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.93
    •  
  • 1520 Bull Street Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 7216 Wildflower Way Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2019
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489925
Last Updated: 12/23/2020
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