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1709 Trace Drive Aubrey, TX 76227

3 Beds 2 Baths 1,472 sqft Built 2018

$269,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $183.36
  • 3 Days on Market
  • MLS # : 14526176
  • Updated Date : 03/06/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Uptown

Listing Agent's Description

My My My....look at all these upgrades!! This lovely home has so much to offer! Durable wood vinyl plank, ss appliances, light gray marbled quartz counters, gray cabinetry, upgraded light fixtures, decorative wood paneling throughout, recessed beamed living room ceiling, custom bathroom cabinetry and mirrors in master, vessel sinks, extended shower, HUGE backyard with pergola to stay. THIS HOME IS A MUST SEE! There is NOT another Winn Ridge home like it! Wonderful place to call HOME!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$937
Property Tax -$577
Property Insurance -$110
HOA -$45
Property Management Fees -$99
CASH FLOW
-$179

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.

$269,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,8253$1,8264$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 1709 Trace Drive Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.11
    •  
  • 1937 Tomahawk Trail Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.09
    •  
  • 2812 Brisco Way Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,826
    • $1.12
    •  
  • 3012 Upland Trail Lane Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 1908 Tomahawk Trail Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2019
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Missie Craig
Jp & Associates Uptown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526176
Last Updated: 03/06/2021
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