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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $170.39
- 1 Days on Market
- MLS # : 14504559
- Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,831 sqft
- Baths : 2 full
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready May 2021! A private study in the Oleander makes a perfect home office or play 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.
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 | $1,870 |
| EXPENSES | Loan Payment | -$1,084 |
| Property Tax | -$667 | |
| Property Insurance | -$133 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$178
|
||
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.
$311,976
PROJECTED PRICE
$1,870
PROJECTED RENT
0.60%
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
$84,674
LOAN DETAILS
$1,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,994 |
| Loan Amount | $233,982 |
1.58
YEARS SAVED
$3,119
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,863
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1817 Berry Ridge Trail Aubrey, TX 2
- 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,870
- $1.02
-
3012 Upland Trail Lane Aubrey, TX 1
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,850
- $1.10
-
1824 Tomahawk Trail Aubrey, TX 3
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2019
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,945
- $0.97
-
1812 Tomahawk Trail Aubrey, TX 4
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.00
-
3109 Stallion Trail Way Aubrey, TX 5
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,995
- $1.00
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504559
Last Updated: 01/23/2021
