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1900 Steppe Trail Drive Aubrey, TX 76227

3 Beds 2 Baths 1,687 sqft Built 2018

$269,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $159.99
  • 3 Days on Market
  • MLS # : 14493604
  • Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,687 sqft
  • Baths : 2 full
Listing Agent

Era Starcrest Realty

Listing Agent's Description

Do you covet an ideally located home with ample upgrades? Located in amenity-filled and master-planned ArrowBrooke community, this impeccably maintained abode has an open floorplan, durable wood toned ceramic tile flooring, and a spacious living room with gas fireplace. The dazzling open concept kitchen has granite countertops with under-mount sink, stainless-steel appliances, gas range, large island with seating, and a dining area. Generously sized, the master bedroom has a walk-in closet and an en suite! Other features: 2-car garage, upgraded garage door, fully fenced backyard, covered patio, tankless water heater, upgraded front and interior doors. Zoned to the new Union Park Elementary. Call now for a tour!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$937
Property Tax -$614
Property Insurance -$125
HOA -$65
Property Management Fees -$99
CASH FLOW
-$70

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.

$269,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.66%

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) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$6,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7703$1,8004$1,8255$1,875
$1,875
RENT COMPS ANALYSIS
  • 1900 Steppe Trail Drive Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.05
    •  
  • 1812 Steppe Trail Drive Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 1816 Outpost Creek Lane Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2018
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 1908 Tomahawk Trail Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.09
    •  
  • 1928 Tomahawk Trail Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2020
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.12
    •  
PROPERTY LISTING DETAILS
Lance Talkington
Era Starcrest Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493604
Last Updated: 01/08/2021
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