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15209 Belclaire Avenue Aledo, TX 76008

4 Beds 3 Baths 2,905 sqft Built 2020

INVESTimate

$377,932

List Price

$3,020

$2,770 - $3,270

Rent Est.

$394,863  ( +4.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $130.10
  • 9 Days on Market
  • MLS # : 14415979
  • Updated Date : 08/18/2020 at 15:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,905 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14415979 - Built by Rendition Homes - December completion! ~ beautiful 4 bedroom, 3 bath, with study and large gameroom. This kitchen has a gourmet kitchen with double ovens, stainless steel appliances, granite counter tops, and a gas cooktop. White kitchen cabinets with subway backsplash. Carpet in the bedrooms, and wood floors throughout the house. Tile in the bathrooms and utility room. Great location

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
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
 

$340,139$415,725$377,932

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,394
Property Tax -$846
Property Insurance -$195
HOA -$78
Property Management Fees -$99
CASH FLOW
$407

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.

$377,932

PROJECTED PRICE

$3,020

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.48%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,152

INVESTMENT

$102,152

Down Payment
$94,483
Rehab Estimate
$2,000
Closing Costs
$5,669

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,394

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,483
Loan Amount $283,449
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$69,287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,021

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9503$3,0004$3,0205$3,195
$3,195
RENT COMPS ANALYSIS
  • 15209 Belclaire Avenue Aledo, TX 4
    • 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.04
    •  
  • 14913 Blakely Way Aledo, TX 1
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 15201 Everly Court Aledo, TX 2
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.12
    •  
  • 14912 Gentry Drive Aledo, TX 3
    • 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,041 Sqft ∙ Built 2018
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 15028 Belclaire Avenue Aledo, TX 5
    • 5 beds 3 baths ∙ 3,059 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,059 Sqft ∙ Built 2017
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.04
    •  
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 #: 14415979
Last Updated: 08/18/2020
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