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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $162.04
- 2 Days on Market
- MLS # : 14478060
- Updated Date : 11/28/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,944 sqft
- Baths : 3 full
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14478060 - Built by Highland Homes - March completion! ~ 8’ Entry door. Great new Plan! Kitchen includes large island, 42” cabinets with adjustable shelves, stainless appliance package, large pantry and granite countertops. Separate utility room. Master bath includes separate vanities and large walk in closet. Covered patio. Full sod, sprinklers and gutters.
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 | $1,960 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$673 | |
| Property Insurance | -$140 | |
| HOA | -$65 | |
| 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 10% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.62%
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) | 3.00% |
| 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
$85,475
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
1.75
YEARS SAVED
$4,540
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,910
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1716 Coronet Avenue Aubrey, TX 4
- 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,960
- $1.01
-
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
-
1828 Trace Drive Aubrey, TX 2
- 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 2017
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,800
- $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
-
6400 Farndon Drive Celina, TX 5
- 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.06
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478060
Last Updated: 11/28/2020
