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1517 Wright Street Aubrey, TX 76227

4 Beds 3 Baths 2,456 sqft Built 2016

$338,800

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $137.95
  • 4 Days on Market
  • MLS # : 14478230
  • Updated Date : 12/03/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,456 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

BEAUTIFUL HOME WITH HANDSCRAPED WOOD FLOORS; 4 beds, 3 baths, OPEN 1.5 story home with UPGRADED, DELUX KITCHEN with built-in stainless steel appliances, CUSTOM backsplash, GRANITE countertops, buffet, and island. Kitchen opens to LARGE family room with large windows. Study downstairs. Master suite complete with bay windows, garden tub and separate shower with GRANITE counters. Exterior has cedar fence and 2.5 garage as well as handicap access. The HOA amenities include a waterpark, basketball and tennis courts, fitness center, multiple playgrounds and dog parks. Call today to view the home of your dreams!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$304,920$372,680$338,800

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,250
Property Tax -$771
Property Insurance -$169
HOA -$71
Property Management Fees -$99
CASH FLOW
-$340

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.

$338,800

PROJECTED PRICE

$2,020

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$95,532

INVESTMENT

$95,532

Down Payment
$84,700
Rehab Estimate
$5,750
Closing Costs
$5,082

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,700
Loan Amount $254,100
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,112

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0203$2,1004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1517 Wright Street Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.82
    •  
  • 1716 Jasmine Lane Savannah, TX 1
    • 4 beds 4 baths ∙ 2,450 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,450 Sqft ∙ Built 2005
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 1228 Hayden Lane Savannah, TX 3
    • 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 2011
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 1520 Bull Street Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 1128 King George Lane Savannah, TX 5
    • 5 beds 4 baths ∙ 2,602 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,602 Sqft ∙ Built 2007
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
PROPERTY LISTING DETAILS
Marci Stapp
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478230
Last Updated: 12/03/2020
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