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15224 Everly Court Aledo, TX 76008

4 Beds 3 Baths 2,562 sqft Built 2017

$349,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $136.22
  • 6 Days on Market
  • MLS # : 14502492
  • Updated Date : 01/23/2021 at 16:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,562 sqft
  • Baths : 3 full
Listing Agent

Ready Real Estate

Listing Agent's Description

Aledo ISD, Home of the 10x Football State Champions Aledo Bearcats! 4 bedroom, 3 bath with functional floorplan, flex space that could be formal dining, home office, playroom etc. Living area has gas starter & is open to large eat in kitchen. Kitchen features oversized island with breakfast bar, granite counters, pantry, built in microwave, refrigerator, & gas range. Primary suite is generous in size, bath has double sinks, separate shower, linen closet and large walk in closet. There are 2 split bedrooms that share a full bath. Bedroom 4 has direct access to bath with walk in shower, could be MIL suite. Private backyard! Covered front and back porches. Community Resort Style Pool & Amenities! Quiet Cul-De-Sac

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,212
Property Tax -$802
Property Insurance -$175
HOA -$78
Property Management Fees -$99
CASH FLOW
$373

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.

$349,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.79%

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

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$46,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4953$2,7404$2,950
$2,950
RENT COMPS ANALYSIS
  • 15224 Everly Court Aledo, TX 3
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.07
    •  
  • 15116 Roderick Road Aledo, TX 1
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 205 Mineral Point Drive Aledo, TX 2
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2016
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Breezie Smades
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502492
Last Updated: 01/23/2021
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