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14821 Blakely Way Aledo, TX 76008

3 Beds 2 Baths 2,051 sqft Built 2021

$336,824

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $164.22
  • 7 Days on Market
  • MLS # : 14502011
  • Updated Date : 01/19/2021 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,051 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14502011 - Built by Rendition Homes - May completion! ~ In this 3 bedroom 3 bathroom home, you will find a open floor plan with a spacious kitchen nook. This gourmet kitchen has double ovens, all stainless steel appliances. white kitchen cabinets and granite counter tops with subway backsplash. Engineered hardwood floors throughout the home, carpet in the bedrooms and tile in the large utility and bathrooms. Master bedroom has a beautiful bay window with 4 large windows. Box window in kitchen nook and a white cast stone fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Lakewood

NeighborhoodNIR 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
 

$303,142$370,506$336,824

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 -$1,170
Property Tax -$750
Property Insurance -$146
HOA -$78
Property Management Fees -$99
CASH FLOW
$97

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.

$336,824

PROJECTED PRICE

$2,340

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,258

INVESTMENT

$91,258

Down Payment
$84,206
Rehab Estimate
$2,000
Closing Costs
$5,052

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,170

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,206
Loan Amount $252,618
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,412

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
  • $1.14

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3403$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 14821 Blakely Way Aledo, TX 2
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.14
    •  
  • 213 Mineral Point Drive Aledo, TX 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2016
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
  • 15017 Teasley Avenue Aledo, TX 3
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2017
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
  • 14932 Gentry Drive Aledo, TX 4
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 14925 Belclaire Avenue Aledo, TX 5
    • 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502011
Last Updated: 01/19/2021
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