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1713 Shetland Road Aubrey, TX 76227

3 Beds 3 Baths 2,054 sqft Built 2018

$350,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $170.40
  • 4 Days on Market
  • MLS # : 14466330
  • Updated Date : 11/06/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,054 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Highly sought after one story Highland Home, located on an oversized corner homesite. Close to greenbelts. Walking distance to onsite elementary school. Spacious entryway, beautiful wood look tile planks throughout for easy care. Gourmet kitchen, expansive island with silestone countertops for low maintenance. Pendant lights above kitchen island, tons of countertop space. Modern marble look hexagon backsplash tile in kitchen. Custom wainscoting in large eat in breakfast nook that overlooks the spacious backyard! Large master bedroom with bay windows, loads of natural sunlight throughout! Fabulous amenities include, resort style pool, the lookout, parks, playgrounds, dog park, horses on site, community events!

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,291
Property Tax -$688
Property Insurance -$146
HOA -$65
Property Management Fees -$99
CASH FLOW
-$289

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.

$350,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.57%

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-$8.0k-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1713 Shetland Road Aubrey, TX 5
    • 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 1633 Trace Drive Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2019
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 4541 Conrad Avenue Celina, TX 2
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2018
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 1701 Vernon Drive Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 1641 Vernon Drive Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2018
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Guillermo Trevino
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466330
Last Updated: 11/06/2020
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