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1800 Berry Ridge Trail Aubrey, TX 76227

4 Beds 3 Baths 2,259 sqft Built 2021

$347,489

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $153.82
  • 5 Days on Market
  • MLS # : 14512246
  • Updated Date : 02/03/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 3 full
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready May 2021! Sip your morning coffee at the Henderson’s convenient kitchen island overlooking the dining and family rooms. In the primary suite, elegant sloped ceilings complement the sizeable space, including ensuite with dual sinks and large walk-in closet. The ArrowBrooke’s neighborhood schools are some of the best rated in Denton ISD, with new middle and high schools slated to open soon. Known for their energy efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

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
 

$312,740$382,238$347,489

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,207
Property Tax -$743
Property Insurance -$158
HOA -$65
Property Management Fees -$99
CASH FLOW
-$112

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.

$347,489

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

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) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$94,085

INVESTMENT

$94,085

Down Payment
$86,872
Rehab Estimate
$2,000
Closing Costs
$5,212

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,207

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,872
Loan Amount $260,617
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,135

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$1,9954$2,0955$2,160
$2,160
RENT COMPS ANALYSIS
  • 1800 Berry Ridge Trail Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.96
    •  
  • 2641 Warren Lane Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 1813 Ridge Creek Lane Aubrey, TX 2
    • 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
    •  
  • 3017 Marshall Trail Road Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 3113 Stallion Trail Way Aubrey, TX 4
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2020
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
PROPERTY LISTING DETAILS
Patrick Mcgrath
Meritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512246
Last Updated: 02/03/2021
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