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1617 Nightingale Drive Aubrey, TX 76227

4 Beds 3 Baths 2,657 sqft Built 2012

$300,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $112.91
  • 2 Days on Market
  • MLS # : 14489397
  • Updated Date : 01/09/2021 at 19:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,657 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

NO SHOWING TILL SUNDAY, OPEN HOUSE SUNDAY 1-3PM. This pristine 2-Story, MHI built home features an open functional floor plan with a 4th bedroom downstairs that can flex as a private office with French doors. Lots of windows for that natural light. A gorgeous modern kitchen offering an abundance of cabinets, granite countertops, gas cooktop, student desk, island breakfast area that opens to the lovely living room. Upstairs the media room is perfect for games & movies, the master bedroom offers a huge sitting area, separate vanities, large shower & garden tub. The large backyard offers a huge covered patio & room to play.

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
Denton High School High Regular 2,166 140 6

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

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,042
Property Tax -$591
Property Insurance -$181
HOA -$28
Property Management Fees -$99
CASH FLOW
-$11

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.

$300,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

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$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9303$1,9954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1617 Nightingale Drive Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.73
    •  
  • 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
    •  
  • 213 Willet Court Little Elm, TX 3
    • 3 beds 3 baths ∙ 2,735 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,735 Sqft ∙ Built 2008
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 1616 S Nighthawk Drive Little Elm, TX 4
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 1504 Cedarbird Drive Little Elm, TX 5
    • 4 beds 4 baths ∙ 2,714 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,714 Sqft ∙ Built 2010
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jim Brock
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489397
Last Updated: 01/09/2021
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