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15109 Roderick Road Aledo, TX 76008

4 Beds 3 Baths 3,460 sqft Built 2017

$419,900

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $121.36
  • 3 Days on Market
  • MLS # : 14470721
  • Updated Date : 11/13/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,460 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Awesome home in the beautiful Morningstar neighborhood. This 4 bed, 3 bath home has it all! Great open concept, lovely wood floors, a gorgeous gourmet kitchen with stainless steel appliances, granite counter-tops, and a huge walk in pantry. It opens up to a large family room, and mud room area. Great master suite with his and hers vanities, garden tub and separate shower. Also includes a spacious study, huge game room, a separate media room, and so much 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: 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$1,549
Property Tax -$967
Property Insurance -$227
HOA -$70
Property Management Fees -$99
CASH FLOW
$308

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.

$419,900

PROJECTED PRICE

$3,220

PROJECTED RENT

0.77%

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

PROJECTED ANNUAL CASH FLOW

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

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$51,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,858

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,220
1$3,2202$3,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 15109 Roderick Road Aledo, TX 1
    • 4 beds 3 baths ∙ 3,460 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,460 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.93
    •  
  • 13725 Green Hook Road Aledo, TX 2
    • 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
Whitney Gillaspie
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470721
Last Updated: 11/13/2020
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