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1620 Berry Ridge Trail Aubrey, TX 76227

4 Beds 3 Baths 2,616 sqft Built 2021

$354,706

List Price

$2,380

$2.1K - $2.6K

Rent Est.

$95,997

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.6%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$564
Value Increase	$27,145

10 YEAR

Cash On Cash	-1.3%
Total Return	12.9%

PROPERTY INFO

Built 2021 NEW CONSTRUCTION

January 24, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2021
Price/Sqft : $135.59
8 Days on Market
MLS # : 14504550
Updated Date : 01/24/2021 at 16:00

CONSTRUCTION

Beds : 4
Floor Size : 2,616 sqft
Baths : 2 full , 1 half

Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready July 2021! Entertain in the kitchen without missing a beat in the family room with the Flora’s open layout. Upstairs, the game room makes an ideal media or play space. The luxurious primary suite boasts a large walk-in closet. The ArrowBrooke’s neighborhood schools are some of the best rated in Denton ISD, with new middle and high schools slated to open soon. Known for their energy efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 76227

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

Zip Code: 76227

* 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

GreatSchools Rating

Navo Middle School

Education Level: Middle
# of students: 1,077
# of teachers: 65

GreatSchools Rating

Denton High School

Education Level: High
# of students: 2,166
# of teachers: 140

GreatSchools Rating

FINANCIALS

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$319,235$390,17700$354,706

PURCHASE PRICE

$2,142$2,61800$2,380

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,380
EXPENSES	Loan Payment	-$1,232
	Property Tax	-$758
	Property Insurance	-$178
	HOA	-$65
	Property Management Fees	-$99



CASH FLOW $47

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.

$354,706

PROJECTED PRICE

$2,380

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	7.6%
Maintenance Year (1-5)	3.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$95,997

Down Payment	$88,677
Rehab Estimate	$2,000
Closing Costs	$5,321

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,232

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$88,677
Loan Amount	$266,030

See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$17,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,380
LIST RENT
$0.91
LIST RENT PER SQFT

$2,394
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$2,200

1$2,2002$2,2503$2,3004$2,3805$2,400

$2,400

RENT COMPS ANALYSIS

2,616
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$2,394
ESTIMATED VALUE
$2,380
LIST RENT

1620 Berry Ridge Trail Aubrey, TX 5

4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2021
Price

Price Per SQFT

$354,706

$135.59
1805 Pleasant Knoll Trail Aubrey, TX 1

4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2020
SOLD 10/01/20
Price

Price Per SQFT

$305,685

$118.03
1812 Pleasant Knoll Trail Aubrey, TX 2

4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2020
SOLD 09/15/20
Price

Price Per SQFT

$314,975

$120.40
1709 Pleasant Knoll Trail Aubrey, TX 3

4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2020
SOLD 08/10/20
Price

Price Per SQFT

$316,924

$122.51
1801 Pleasant Knoll Trail Aubrey, TX 4

4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2020
SOLD 09/15/20
Price

Price Per SQFT

$319,350

$123.30

1620 Berry Ridge Trail Aubrey, TX 4

4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2021
Rent

Rent Per SQFT

$2,380

$0.91
1804 Ridge Creek Lane Aubrey, TX 1

4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016
LEASED 05/21/20
Rent

Rent Per SQFT

$2,200

$0.85
6224 Heron Drive Celina, TX 2

4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019
LEASED 01/24/20
Rent

Rent Per SQFT

$2,250

$0.96
6028 Liverpool Street Celina, TX 3

3 beds 2 baths ∙ 2,598 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,598 Sqft ∙ Built 2020
LEASED 08/27/20
Rent

Rent Per SQFT

$2,300

$0.89
1417 Summit View Lane Little Elm, TX 5

4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,510 Sqft ∙ Built 2019
LEASED 01/03/20
Rent

Rent Per SQFT

$2,400

$0.96

PROPERTY LISTING DETAILS

Patrick Mcgrath
Meritage Homes Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504550
Last Updated: 01/24/2021

1620 Berry Ridge Trail Aubrey, TX 76227

$354,706

$2,380

$95,997

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Savannah Elementary School

Navo Middle School

Denton High School

FINANCIALS

$319,235$390,17700$354,706

$2,142$2,61800$2,380

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$354,706

$2,380

0.67%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,232

4.92

$17,953

$354,706

$135.59

$316,693

$121.06

COMPS RANGE

PRICE COMPS ANALYSIS

$2,380

$0.91

$2,394

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS