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1816 Gold Mine Trail Aubrey, TX 76227

3 Beds 2 Baths 1,659 sqft Built 2021

$297,192

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $179.14
  • 1 Days on Market
  • MLS # : 14504572
  • Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,659 sqft
  • Baths : 2 full
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready March 2021! Fix dinner at the Greenville’s sprawling kitchen island without missing any of the action in the family room. White cabinets with sparkly white granite countertops, cool grey EVP flooring with greyish brown carpet in our Distinct package. 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.

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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
 

$267,473$326,911$297,192

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,032
Property Tax -$635
Property Insurance -$123
HOA -$65
Property Management Fees -$99
CASH FLOW
-$125

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.

$297,192

PROJECTED PRICE

$1,830

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,756

INVESTMENT

$80,756

Down Payment
$74,298
Rehab Estimate
$2,000
Closing Costs
$4,458

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,298
Loan Amount $222,894
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,8304$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 1816 Gold Mine Trail Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.10
    •  
  • 1908 Tomahawk Trail Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.09
    •  
  • 1937 Tomahawk Trail Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.09
    •  
  • 3012 Upland Trail Lane Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 1928 Tomahawk Trail Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.12
    •  
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 #: 14504572
Last Updated: 01/23/2021
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