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1608 Cedar Berry Lane Aubrey, TX 76227

4 Beds 4 Baths 3,175 sqft Built 2020

$540,135

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $170.12
  • 2 Days on Market
  • MLS # : 14478179
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,175 sqft
  • Baths : 3 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14478179 - Built by Highland Homes - May completion! ~ One Story Home with a Gorgeous Light Brick exterior! Floor plan includes 4 Bedrooms, 3 Full baths, 1 Half Bath, Entertainment Room, Study, Master Bedroom Extension, and 10' Sliders out to the Extended Outdoor Living. Wow... What a Beauty! Welcome Home!

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

ZipNIR 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
 

$486,122$594,149$540,135

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,993
Property Tax -$1,155
Property Insurance -$211
HOA -$65
Property Management Fees -$99
CASH FLOW
-$1,042

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.

$540,135

PROJECTED PRICE

$2,480

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,136

INVESTMENT

$145,136

Down Payment
$135,034
Rehab Estimate
$2,000
Closing Costs
$8,102

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,993

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,034
Loan Amount $405,101
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$35

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,477

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,5004$2,695
$2,695
RENT COMPS ANALYSIS
  • 1608 Cedar Berry Lane Aubrey, TX 1
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.78
    •  
  • 1617 Settlement Way Aubrey, TX 2
    • 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 4544 Longfellow Avenue Celina, TX 3
    • 5 beds 4 baths ∙ 3,007 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,007 Sqft ∙ Built 2018
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 1936 Tomahawk Trail Aubrey, TX 4
    • 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478179
Last Updated: 11/28/2020
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