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1909 Campground Way Aubrey, TX 76227

3 Beds 2 Baths 1,799 sqft Built 2018

$320,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $177.88
  • 5 Days on Market
  • MLS # : 14517406
  • Updated Date : 02/24/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,799 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This charming home welcomes you the moment you drive up with a covered front porch and beautiful large stone landscape bed for that is perfect for your perennials.  Upgrades abound with wood like tile, painted light gray cabinetry throughout, decorative lighting, a pantry barn door, and more.  This open concept floor plan is ideal for entertaining.  The light and bright kitchen is a perfect place to gather with an oversized island, stainless appliances with gas range, and abundance of cabinet and counter space. Escape at the end of the day to your private owners suite is spacious with a spa like bath. You can enjoy the outdoors year round on your extended covered patio with pull down shades.

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: 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,111
Property Tax -$728
Property Insurance -$131
HOA -$65
Property Management Fees -$99
CASH FLOW
-$165

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.

$320,000

PROJECTED PRICE

$1,970

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) 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-$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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,8504$1,8755$1,970
$1,970
RENT COMPS ANALYSIS
  • 1909 Campground Way Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.10
    •  
  • 1816 Outpost Creek Lane Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2018
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 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
    •  
  • 1908 Tomahawk Trail Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2019
    property image
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 1928 Tomahawk Trail Aubrey, TX 4
    • 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
Lori Vaden
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517406
Last Updated: 02/24/2021
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