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1715 Barberry Hill Aubrey, TX 76227

3 Beds 2 Baths 1,460 sqft Built 2020

$262,550

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $179.83
  • 7 Days on Market
  • MLS # : 14493946
  • Updated Date : 01/08/2021 at 08:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14493946 - Built by History Maker Homes - April completion! ~ Welcome home to this charming floor plan! Unique Farm house style architectural exterior in a beautiful taupe color! Upgrade tile flooring in entry, extended entry, family room,kitchen and nook! Open kitchen boasts a large island, stainless steel appliances , 42 inch smoke cabinets and granite counter tops. Entertain on an awesome covered patio. Master bath has separate garden tub and shower, two sinks and upgraded tile floor and shower tub surround. This is an incredible value in highly rated Aubrey schools...

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MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Island Village at Providence

NeighborhoodNIR 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
Monaco Elementary School Primary Regular 642 36 6
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Monaco Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 36
6
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$236,295$288,805$262,550

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$912
Property Tax -$557
Property Insurance -$112
HOA -$16
Property Management Fees -$99
CASH FLOW
-$75

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$262,550

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,576

INVESTMENT

$71,576

Down Payment
$65,638
Rehab Estimate
$2,000
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$912

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,638
Loan Amount $196,913
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$6,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,5954$1,6205$1,680
$1,680
RENT COMPS ANALYSIS
  • 1715 Barberry Hill Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.11
    •  
  • 1912 Rodgers Lane Providence Village, TX 1
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2012
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.14
    •  
  • 1901 Prospect Lane Providence Village, TX 2
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2011
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 1637 Mary Lane Providence Village, TX 3
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2007
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
  • 2170 Alamandine Avenue Cross Roads, TX 5
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493946
Last Updated: 01/08/2021
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