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1924 Coronet Avenue Aubrey, TX 76227

3 Beds 2 Baths 1,645 sqft Built 2020

$291,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $176.90
  • 2 Days on Market
  • MLS # : 14478074
  • Updated Date : 11/28/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14478074 - Built by Highland Homes - March completion! ~ 8’ Entry door. Open floorplan. Kitchen includes large island with stainless appliance package. Cabinets are 42” tall. Granite countertops. Walk in pantry. Dining area includes window seat. Separate utility room. Master bathroom includes separate shower and garden tub, with tile surround. Master Bay Window, Full sod, sprinkler and gutters.

SEE MORE

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
 

$261,900$320,100$291,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,074
Property Tax -$622
Property Insurance -$122
HOA -$65
Property Management Fees -$99
CASH FLOW
-$232

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.

$291,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.60%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,115

INVESTMENT

$79,115

Down Payment
$72,750
Rehab Estimate
$2,000
Closing Costs
$4,365

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,074

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,750
Loan Amount $218,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,7954$1,8265$1,995
$1,995
RENT COMPS ANALYSIS
  • 1924 Coronet Avenue Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 1824 Waggoner Drive Aubrey, TX 2
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 1328 Waggoner Drive Cross Roads, TX 3
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 2812 Brisco Way Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2020
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,826
    • $1.12
    •  
  • 4531 Frost Avenue Celina, TX 5
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2019
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478074
Last Updated: 11/28/2020
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