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1404 Stoneleigh Place Aubrey, TX 76227

4 Beds 2 Baths 2,243 sqft Built 2021

$380,726

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $169.74
  • 7 Days on Market
  • MLS # : 14505890
  • Updated Date : 01/25/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,243 sqft
  • Baths : 2 full
Listing Agent

Classic Property Management

Listing Agent's Description

Buy Brand New with Bloomfield Homes - Move-In Ready August 2021! One-story with Open Layout; 4 beds, 2 baths. 8' Solid Mahogany Front Door with Rain Glass & Wrought Iron Accents paired beautifully with the Stone & Brick Exterior. Gorgeous and durable Wood-look Tile throughout. Spacious Owner's Bed & Bath Suite, upgraded Oversized Shower with seat. Gourmet Kitchen with Gas cooking on SS Appliances, Double Oven, Granite Countertops and Custom Backsplash. Vaulted Ceilings & plenty of windows bring in plenty of natural light. Home sits on large interior lot, comes landscaped and fully fenced. 3-car Garage! In desirable Arrowbrooke neighborhood. Call today to learn more before this home is gone!

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: Holford

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k260k

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

Neighborhood: Holford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9081829

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$342,653$418,799$380,726

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,322
Property Tax -$835
Property Insurance -$157
HOA -$65
Property Management Fees -$99
CASH FLOW
-$138

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.

$380,726

PROJECTED PRICE

$2,340

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$102,892

INVESTMENT

$102,892

Down Payment
$95,182
Rehab Estimate
$2,000
Closing Costs
$5,711

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,322

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,182
Loan Amount $285,545
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,3404$2,400
$2,400
RENT COMPS ANALYSIS
  • 1404 Stoneleigh Place Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.04
    •  
  • 903 Melshire Drive Garland, TX 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2017
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 907 Melshire Drive Garland, TX 2
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2017
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 2702 Bechtol Street Garland, TX 4
    • 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 2019
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505890
Last Updated: 01/25/2021
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