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15132 Stargazer Drive Aledo, TX 76008

3 Beds 3 Baths 2,879 sqft Built 2020

$353,742

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $122.87
  • 5 Days on Market
  • MLS # : 14465629
  • Updated Date : 11/04/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,879 sqft
  • Baths : 2 full , 1 half
Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14465629 - Built by Impression Homes - December completion! ~ Beautiful! New construction 3 bedroom 2.5 bath home has a study. Open concept kitchen, family room, dinning, large kitchen with stainless steel built-ins with gas cook-top, separate garden tub and tiled shower in master bath, large walk-in closet, wood look tile flooring, with covered patio.

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
 

$318,368$389,116$353,742

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,305
Property Tax -$792
Property Insurance -$194
HOA -$107
Property Management Fees -$99
CASH FLOW
$393

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.

$353,742

PROJECTED PRICE

$2,890

PROJECTED RENT

0.82%

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

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$95,742

INVESTMENT

$95,742

Down Payment
$88,436
Rehab Estimate
$2,000
Closing Costs
$5,306

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,305

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,436
Loan Amount $265,307
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$65,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,944

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,8904$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 15132 Stargazer Drive Aledo, TX 3
    • 3 beds 3 baths ∙ 2,879 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,879 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.00
    •  
  • 14913 Blakely Way Aledo, TX 1
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 200 Mineral Point Drive Aledo, TX 2
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 2017
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
  • 15201 Everly Court Aledo, TX 4
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.12
    •  
  • 14912 Gentry Drive Aledo, TX 5
    • 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2018
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Imp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465629
Last Updated: 11/04/2020
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