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PROPERTY INFO
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
- 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
* 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
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,897
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,498 |
| Loan Amount | $232,493 |
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
-
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
Tiven Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536840
Last Updated: 03/20/2021
