Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1825 Oak Trail Drive Aledo, TX 76008

3 Beds 3 Baths 2,219 sqft Built 2018

$395,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $178.01
  • 2 Days on Market
  • MLS # : 14507294
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,219 sqft
  • Baths : 2 full , 1 half
Listing Agent

High Street Homes Real Estate

Listing Agent's Description

Come home to this open concept farmhouse style home in the beautiful community of Walsh Ranch. Upgrades include top of the line finish outs in the kitchen, tasteful light fixtures, shiplap accents and a large master walk-in shower. Lot is surrounded by green space front and back. Step outside into a community focused on wellness, nature, education and technology. Ideally located to downtown Fort Worth and also within the prestigious Aledo school district. Make sure to check out our virtual tour to get a better look inside this quaint home.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262811

* 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
Mccall Elementary School Primary Regular 436 28 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mccall Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 28
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,372
Property Tax -$885
Property Insurance -$155
HOA -$189
Property Management Fees -$99
CASH FLOW
-$310

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,702

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,5003$2,5004$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1825 Oak Trail Drive Aledo, TX 1
    • 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.08
    •  
  • 14932 Gentry Drive Aledo, TX 2
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 14929 Blakely Way Aledo, TX 3
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 14925 Belclaire Avenue Aledo, TX 4
    • 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
  • 14200 Walsh Avenue Aledo, TX 5
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2020
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.31
    •  
PROPERTY LISTING DETAILS
Katelyn Edwards
High Street Homes Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507294
Last Updated: 01/29/2021
BESbswy