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

15021 Stargazer Drive Aledo, TX 76008

4 Beds 4 Baths 3,925 sqft Built 2017

$440,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $112.10
  • 4 Days on Market
  • MLS # : 14504032
  • Updated Date : 02/04/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,925 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Willow Park

Listing Agent's Description

AMAZING find in the highly sought after community of Morningstar. ALEDO ISD This beautiful two story Impression Alder II floor plan boasts 3, 925 sq ft, 4 BR, and 3.5 BA. The first floor welcomes you with a formal dining room, chef's kitchen, and breakfast nook. Your living area comes with a jaw dropping floor to ceiling stone fireplace with hearth, large windows, and a grand iron staircase. Your large master suite has bay windows, dual vanities, separate shower, large soaking tub, and custom walk in closet. Upstairs you will have 3 large BR, 2 full BA, media room, and second living area. NEWLY added wooden pergola, storage shed, French drain, & rain gutters. Add storage under stairs & in attic.

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
Mccall Elementary School Primary Regular 436 28 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mccall Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 28
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
 

$396,000$484,000$440,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$1,528
Property Tax -$1,053
Property Insurance -$254
HOA -$75
Property Management Fees -$99
CASH FLOW
$681

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.

$440,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.84%

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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$78,988

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $4,906

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,690
1$3,6902$4,500
$4,500
RENT COMPS ANALYSIS
  • 15021 Stargazer Drive Aledo, TX 1
    • 4 beds 4 baths ∙ 3,925 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,925 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $0.94
    •  
  • 1908 Shumard Way Aledo, TX 2
    • 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Staci Starek
Jp And Associates Willow Park
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504032
Last Updated: 02/04/2021
BESbswy