Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14929 Blakely Way Aledo, TX 76008

4 Beds 3 Baths 2,055 sqft Built 2018

$340,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $165.45
  • 4 Days on Market
  • MLS # : 14461828
  • Updated Date : 11/01/2020 at 08:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Beautiful 4BR 3BA by HIGHLAND HOMES in South Morningstar! Enjoy in-person learning in ALEDO ISD. This property is overflowing with upgrades! The oversized eat-in kitchen features grey quartz countertops, 5 burner gas cooktop, SS appliances, farmhouse sink, lots of cabinets & built-in coffee bar. With 13 foot ceilings, the home feels open & airy. In the living room, you will find floor to ceiling windows with an abundance of natural light cascading onto the wood floors. Plantation shutters and all new light fixtures are examples of custom upgrades of this home. Energy efficiency includes a 16 SEER AC, Energy Star appliances, foam insulation, & a tankless water heater. Enjoy pools, ponds and miles of trails!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,254
Property Tax -$804
Property Insurance -$146
HOA -$78
Property Management Fees -$99
CASH FLOW
-$281

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.

$340,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.62%

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) 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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,348

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,2954$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 14929 Blakely Way Aledo, TX 2
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 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
    •  
  • 14844 Complacent Way Aledo, TX 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.22
    •  
  • 15017 Teasley Avenue Aledo, TX 4
    • 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
    •  
  • 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
Heather Murdock
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461828
Last Updated: 11/01/2020
BESbswy