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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $125.05
- 3 Days on Market
- MLS # : 14519145
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,519 sqft
- Baths : 3 full
Listing Agent
Renee Mears Realtors
Listing Agent's Description
Professional Pictures coming soon, delayed due to weather. Don't miss out on this well kept, one owner, warm and inviting home! Open concept is perfect for working from home or entertaining family and friends. Front study with kitchen dining, living in an open floor plan. Kitchen includes granite, stainless steel appliances. Large master suite, double sink, separate shower and walk in closet. Two guest bedrooms with full bath downstairs. Upstairs includes a game-media room, full bath and large 4th bedroom. Upgrades include granite, lighting throughout, inward tilting windows, and more. Walking distance to park and school, other community amenities include swimming pool, splash pad,walking trails & fishing pond.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$655 | |
| Property Insurance | -$173 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$117
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
6.25
YEARS SAVED
$22,777
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,160
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1421 Cheyenne Drive Aubrey, TX 3
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,170
- $0.86
-
9012 Stewart Street Cross Roads, TX 1
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
1012 Broken Wheel Trail Aubrey, TX 2
- 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016
LEASED 11/19/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
1328 Red River Drive Aubrey, TX 4
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
1608 Silver Lane Aubrey, TX 5
- 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,390
- $0.87
PROPERTY LISTING DETAILS
Renee Mears Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519145
Last Updated: 02/19/2021
