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14908 Blakely Aledo, TX 76008

4 Beds 4 Baths 3,446 sqft Built 2020

$395,508

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $114.77
  • 4 Days on Market
  • MLS # : 14466570
  • Updated Date : 11/05/2020 at 17:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,446 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14466570 - Built by Rendition Homes - March completion! ~ 3446 sq ft 2 story home, 4 bed, 3.5 bath, study and game room. This home is gorgeous! Has a gourmet kitchen with double ovens, white kitchen cabinets, and granite counter tops. All stainless steel appliances. All eood floors throughout the bottom floor, carpet in bedrooms, and decorative tile in the powder bath.

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: 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
 

$355,957$435,059$395,508

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$1,459
Property Tax -$886
Property Insurance -$226
HOA -$78
Property Management Fees -$99
CASH FLOW
$1,081

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.

$395,508

PROJECTED PRICE

$3,830

PROJECTED RENT

0.97%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,810

INVESTMENT

$106,810

Down Payment
$98,877
Rehab Estimate
$2,000
Closing Costs
$5,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,877
Loan Amount $296,631
See What Happens When You Reinvest Cash Flow

16.42

YEARS SAVED

$128,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,842

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8303$4,500
$4,500
RENT COMPS ANALYSIS
  • 14908 Blakely Aledo, TX 2
    • 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $1.11
    •  
  • 13725 Green Hook Road Aledo, TX 1
    • 4 beds 5 baths ∙ 3,560 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,560 Sqft ∙ Built 2017
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.98
    •  
  • 1908 Shumard Way Aledo, TX 3
    • 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.25
    •  
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 #: 14466570
Last Updated: 11/05/2020
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