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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $173.25
- 4 Days on Market
- MLS # : 14517326
- Updated Date : 02/11/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,847 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
This VERY nice 3 bdrm 2 baths home has an open concept. As you enter in you will notice the beautiful vinyl plank flooring throughout and carpet in the bedrooms; an open dining and family room. A spacious Kitchen with a family breakfast island, nice size pantry with chrome appliances. Dual sinks in the master bathroom including a makeup counter. Large backyard with an extended covered brick patio. The community has a swimming pool, a dog park, and a playground. Bring your buyers, you won't be disappointed!
SEE MORE
- . 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: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$629 | |
| Property Insurance | -$134 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$548
|
||
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.
$320,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
-0.08
YEARS SAVED
-$8
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,796
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1405 Percheron Road Aubrey, TX 1
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,490
- $0.81
-
1633 Trace Drive Aubrey, TX 2
- 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2019
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
1828 Trace Drive Aubrey, TX 3
- 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 2017
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
1701 Vernon Drive Aubrey, TX 4
- 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2017
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.00
-
1641 Vernon Drive Aubrey, TX 5
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517326
Last Updated: 02/11/2021
