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1600 Heron Drive Aubrey, TX 76227

4 Beds 3 Baths 2,770 sqft Built 2004

$269,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $97.44
  • 2 Days on Market
  • MLS # : 14433717
  • Updated Date : 01/09/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,770 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Immaculate 4 bedroom home on a corner lot in the master planned community of Paloma Creek! Amenities include pool, playground, clubhouse, fitness centers, tennis & basketball courts, hike & bike trails, greenbelts. Open floor plan with combination formal living & dining upon entry. Huge family room flows into kitchen and nook. Spacious master with private bath - sep. tub & shower, dual sinks, huge walk in carpet. Half bath down. Upstairs features large game room along with 3 bedrooms and a full bath. Tile and wood flooring throughout, new carpet in secondary bedrooms. This one is ready for family fun and entertainment. Easy access to Hwy. 380 and the Tollway.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Paloma Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Paloma Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11122171

* 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
Paloma Creek Elementary School Primary Regular 670 41 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Paloma Creek Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 41
6
GreatSchools Rating

Navo Middle School

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

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$937
Property Tax -$532
Property Insurance -$187
HOA -$28
Property Management Fees -$99
CASH FLOW
$26

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.

$269,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7953$1,7954$1,8005$1,810
$1,810
RENT COMPS ANALYSIS
  • 1600 Heron Drive Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.65
    •  
  • 1700 Heron Drive Aubrey, TX 1
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2004
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.66
    •  
  • 1416 Canvasback Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 1413 Morning Dove Aubrey, TX 3
    • 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2006
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 1301 Canvasback Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
PROPERTY LISTING DETAILS
Denton Aguam
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14433717
Last Updated: 01/09/2021
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