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14324 Aston Falls Drive Haslet, TX 76052

4 Beds 3 Baths 2,574 sqft Built 2005

$450,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $174.83
  • 2 Days on Market
  • MLS # : 14508714
  • Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,574 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

IMMACULATE 4-2.5-3 on BEAUTIFULLY LANDSCAPED 1 ACRE corner lot in HASLET & NORTHWEST ISD!*Highly sought after ASTON MEADOWS with a peaceful Country feel*Numerous ceiling treatments,extensive crown moulding & tiled floors*Spacious open Floorplan with lrg Chef's Kitchen,stained wood cabinets with hardware,diagonal tiled backsplash,SS Confection Oven & Microwave,Island,Pot Rack & wrap around Breakfast Bar*Two Dining & Barrel light up entry*Lrg open Living with FP & Study with French Doors-optional 4th Bedroom opening to Kit-both Dining & lrg Gameroom with half bath*Split Bedroom arrangement with lrg en-suite, jetted tub,two vanities,over sized shower & two W-I Closets*PERGOLA,lrg cvd back Patio,3 CAR GARAGE & 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

Neighborhood: Aston Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k408k

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

Neighborhood: Aston Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262879

* 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
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,563
Property Tax -$1,076
Property Insurance -$176
HOA -$25
Property Management Fees -$99
CASH FLOW
-$309

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.

$450,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0503$2,1004$2,5005$2,630
$2,630
RENT COMPS ANALYSIS
  • 14324 Aston Falls Drive Haslet, TX 5
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.02
    •  
  • 103 Bear Claw Court Newark, TX 1
    • 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 14417 Artesia Court Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2010
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 120 Smokehouse Court Newark, TX 3
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2007
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 14004 Saddlesoap Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stephen Kahn
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508714
Last Updated: 01/31/2021
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