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1709 Meadow Trail Lane Aubrey, TX 76227

4 Beds 3 Baths 3,359 sqft Built 2016

$379,999

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $113.13
  • 4 Days on Market
  • MLS # : 14517138
  • Updated Date : 02/14/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Exceptional, barely lived in Beazer home nestled in the community of ArrowBrooke. A beautiful stone and brick exterior invites guests into this expansive entertainer's dream. Host family and friends in the open concept living area highlighted by awe-inspiring 20 ft ceilings, a warm gas fireplace and sweeping hardwood floors. The chef in your family will fall in love with the beautifully updated kitchen featuring granite counter-tops, Whirlpool stainless appliances, gas cooktop and walk-in pantry. Unwind in the secluded owner's retreat with a light and bright en suite and spacious WIC. Kids will enjoy the second living space and game room upstairs. Arrow Brooke offers amazing amenities to suit every lifestyle!

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

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
 

$341,999$417,999$379,999

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,320
Property Tax -$865
Property Insurance -$221
HOA -$65
Property Management Fees -$99
CASH FLOW
-$80

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.

$379,999

PROJECTED PRICE

$2,490

PROJECTED RENT

0.66%

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) 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-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,5003$2,6954$2,6955$3,100
$3,100
RENT COMPS ANALYSIS
  • 1709 Meadow Trail Lane Aubrey, TX 1
    • 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.74
    •  
  • 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
    •  
  • 1936 Tomahawk Trail Aubrey, TX 3
    • 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
    •  
  • 1505 Wright Street Aubrey, TX 4
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2016
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 1804 Settlement Way Aubrey, TX 5
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rosemary Lewis
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517138
Last Updated: 02/14/2021
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