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

15112 Stargazer Drive Aledo, TX 76008

4 Beds 5 Baths 3,450 sqft Built 2021

$440,459

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $127.67
  • 7 Days on Market
  • MLS # : 14515123
  • Updated Date : 02/09/2021 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,450 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14515123 - Built by Rendition Homes - July completion! ~ 3 car garage! This floor plan is a must see! The living room is spacious with vaulted ceilings and big beautiful windows. Master bedroom and large study with french doors are on the first floor. The kitchen is a gourmet kitchen with double ovens, gas cook top and light grey (cement) cabinets, beautiful white quartz countertops and a stunning white hexagon backsplash. 3 bedrooms up with a large game room. 1 bedroom has its own bathroom the other 2 bedrooms have a jack and Jill bathroom. Tankless water heaters, gas drop on the back covered patio. Master bathroom has upgraded 12x24 decorative tile in shower.

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
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
 

$396,413$484,505$440,459

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,530
Property Tax -$982
Property Insurance -$227
HOA -$78
Property Management Fees -$99
CASH FLOW
-$96

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.

$440,459

PROJECTED PRICE

$2,820

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

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

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$118,722

INVESTMENT

$118,722

Down Payment
$110,115
Rehab Estimate
$2,000
Closing Costs
$6,607

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,530

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,115
Loan Amount $330,344
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,847

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$3,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 15112 Stargazer Drive Aledo, TX 1
    • 4 beds 5 baths ∙ 3,450 Sqft ∙ Built 2021 4 beds 5 baths ∙ 3,450 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.82
    •  
  • 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
    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
    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 #: 14515123
Last Updated: 02/09/2021
BESbswy