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1616 Abercorn Lane Aubrey, TX 76227

4 Beds 3 Baths 2,834 sqft Built 2016

$395,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $139.38
  • 3 Days on Market
  • MLS # : 14516881
  • Updated Date : 02/13/2021 at 09:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,834 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

A MUST SEE beautiful Chesmar Home. Soaring 20' ceilings lead you into a spacious family and kitchen area filled with an abundance of natural light. This lovely entertainment area has been equipped with Atmos speakers in the living area & kitchen. The kitchen has been upgraded with stainless steel appliances, granite counter tops, double ovens & built-in microwave. Custom sliding glass doors lead to the patio equipped for gas grill and has rust proof TV mounts. Enjoy oversized owner's suite with tray ceilings, room for private seating sitting area. Large utility room equipped with sink and shelving. Large game room. Oversized garage and extended driveway. FR, kit, GR, OS & garage are wired for sound system.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,372
Property Tax -$899
Property Insurance -$191
HOA -$71
Property Management Fees -$99
CASH FLOW
-$262

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.

$395,000

PROJECTED PRICE

$2,370

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,1004$2,1505$2,370
$2,370
RENT COMPS ANALYSIS
  • 1616 Abercorn Lane Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.84
    •  
  • 1053 Marietta Lane Savannah, TX 1
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2016
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 1613 Sycamore Street Aubrey, TX 2
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2009
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.69
    •  
  • 1204 Port Royal Court Savannah, TX 3
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 1009 Grey Fox Drive Savannah, TX 4
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
PROPERTY LISTING DETAILS
Marilyn Torres Jenkins
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516881
Last Updated: 02/13/2021
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