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1687 Chukar Drive Aubrey, TX 76227

3 Beds 3 Baths 2,638 sqft Built 2004

$290,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $109.93
  • 3 Days on Market
  • MLS # : 14466755
  • Updated Date : 11/07/2020 at 13:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,638 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

YOUR BEAUTIFUL NEW HOME AWAITS! SPECIAL HIDDEN FEATURES THROUGHOUT! SECRET DRY BAR with INVISIBLE ENTRY. Master Bedroom boasts BRAND NEW CUSTOM ENSUITE with ENCLOSED VANITY and OUTSIZED CLOSET. SPLIT Bedrooms. GUEST SUITE with SPACIOUS CLOSET, COZY CUBBY area and built in storage bench. GLORIOUS DECORATIVE and NATURAL LIGHTING THROUGHOUT! COVERED PATIO WITH EXTENDED DECK prepared for hot tub installation, grilling station or RETREAT in your LRG BACKYARD. DESIGNATED PRIVATE OFFICE. HUGE GAME ROOM. PERFECT FOR ENTERTAINING! OVERSIZED GARAGE and ADDITIONAL WORKSHOP STORAGE UNIT. REFRIGERATOR, DRY BAR ACCESSORIES AND GRAND OFFICE AMOUR will convey to buyer. DON'T MISS YOUR OPPORTUNITY TO OWN THIS WONDERFUL HOME!!!

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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: 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,070
Property Tax -$572
Property Insurance -$180
HOA -$28
Property Management Fees -$99
CASH FLOW
-$58

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.

$290,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.65%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7753$1,7954$1,7955$1,890
$1,890
RENT COMPS ANALYSIS
  • 1687 Chukar Drive Aubrey, TX 5
    • 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.72
    •  
  • 1209 Canvasback Drive Aubrey, TX 1
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 1700 Heron Drive Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2004
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.66
    •  
  • 1416 Canvasback Aubrey, TX 3
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2005
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 1413 Morning Dove Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2006
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
PROPERTY LISTING DETAILS
Bethany Ewing
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466755
Last Updated: 11/07/2020
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