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13853 Marys Ridge Road Aledo, TX 76008

4 Beds 3 Baths 3,015 sqft Built 2019

$475,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $157.55
  • 2 Days on Market
  • MLS # : 14467532
  • Updated Date : 11/07/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,015 sqft
  • Baths : 3 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Gorgeous home on one of the BEST LOTS in WALSH...no neighbors on three sides! This home shows better than new with all the upgrades the owners have put into it...plantation shutters, blinds, extended patio with pergola, and more. Open floor plan with HUGE gourmet kitchen that opens to the family room with 20 ft ceilings and gas fireplace. Downstairs you will also find the Master suite, office, guest bedroom and full bath. Bedrooms 3 & 4 are upstairs along with an entertainment room and game room. HOA INCLUDES 2 GIG INTERNET AND FRONT YARD MAINTENANCE! Other amenities: athletic center with kids club, pools, trails, co-work space, makerspace, parks & so much more!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mcanally Intermediate School Primary Regular 785 43 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mcanally Intermediate School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 43
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$1,753
Property Tax -$1,064
Property Insurance -$201
HOA -$199
Property Management Fees -$99
CASH FLOW
$204

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.

$475,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.74%

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$0.0$5.0k$10k$15k$20k

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$127,875

INVESTMENT

$127,875

Down Payment
$118,750
Rehab Estimate
$2,000
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$43,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,528

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,5003$3,5204$3,600
$3,600
RENT COMPS ANALYSIS
  • 13853 Marys Ridge Road Aledo, TX 3
    • 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.17
    •  
  • 2016 Bending Oak Street Aledo, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2017
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.10
    •  
  • 2020 Bending Oak Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,867 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,867 Sqft ∙ Built 2017
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.22
    •  
  • 1933 Bending Oak Aledo, TX 4
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.19
    •  
PROPERTY LISTING DETAILS
Becky Robinson
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467532
Last Updated: 11/07/2020
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