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1712 Alton Way Aubrey, TX 76227

4 Beds 3 Baths 2,126 sqft Built 2017

$309,990

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $145.81
  • 2 Days on Market
  • MLS # : 14536840
  • Updated Date : 03/20/2021 at 07:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 3 full
Listing Agent

Tiven Realty

Listing Agent's Description

Absolutely beautiful! You will love coming home to this stunning & loaded with extras Highland built residence gently nestled on a large lot within the highly regarded Arrow Brooke community complete with a resort style pool, scenic trails, outdoor fitness park, playground, and community lakes with fishing docks. The perfectly designed open concept floor plan is flooded with natural light and flows effortlessly boasting the spacious family room with cozy fireplace that opens to the chef & entertainer's delight kitchen equipped with Stainless Steel appliances including gas range and pretty granite. All 4 BRs are great size! There is a flex space that makes a perfect dining area, office or a playroom.

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
 

$278,991$340,989$309,990

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,077
Property Tax -$705
Property Insurance -$150
HOA -$65
Property Management Fees -$99
CASH FLOW
-$156

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.

$309,990

PROJECTED PRICE

$1,940

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,897

INVESTMENT

$87,897

Down Payment
$77,498
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,498
Loan Amount $232,493
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9403$1,9504$1,9755$2,050
$2,050
RENT COMPS ANALYSIS
  • 1712 Alton Way Aubrey, TX 2
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.91
    •  
  • 913 Alton Drive Aubrey, TX 1
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 1721 Ridge Creek Lane Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 1813 Ridge Creek Lane Aubrey, TX 4
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2016
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
  • 1821 Ridge Creek Lane Aubrey, TX 5
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
PROPERTY LISTING DETAILS
Tiwa Ehiametalor
Tiven Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536840
Last Updated: 03/20/2021
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