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13725 Green Hook Road Aledo, TX 76008

4 Beds 5 Baths 3,387 sqft Built 2017

$611,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $180.40
  • 2 Days on Market
  • MLS # : 14509780
  • Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,387 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ready Real Estate Llc

Listing Agent's Description

This amazing HIGHLAND home has multiple upgrade options available and on a premium lot. Want a 3-car garage, an extended master and outdoor living, media room and risers? You got it. How about up to $12,000 in buyer incentive closing costs? You got it. Powder bath and a secondary bedroom with it's own private bath. Upgraded cabinets, Patio gas line, Level 3 countertops, upgraded backsplash and GAME ROOM. This HOME is located in the heart of Walsh and adjacent to founders park where community events take place and walking distance to amenities where food trucks and coffee, ice cream socials take place. Tenants in home and available End of March-April move in.

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: 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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$549,900$672,100$611,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,122
Property Tax -$1,368
Property Insurance -$223
HOA -$208
Property Management Fees -$99
CASH FLOW
-$851

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.

$611,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.52%

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) 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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,665

INVESTMENT

$167,665

Down Payment
$152,750
Rehab Estimate
$5,750
Closing Costs
$9,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,750
Loan Amount $458,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$9

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $4,234

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,170
1$3,1702$4,500
$4,500
RENT COMPS ANALYSIS
  • 13725 Green Hook Road Aledo, TX 1
    • 4 beds 5 baths ∙ 3,387 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,387 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.94
    •  
  • 1908 Shumard Way Aledo, TX 2
    • 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Elizabeth Freese
Ready Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509780
Last Updated: 01/30/2021
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