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206 Aspen Loop Aledo, TX 76008

4 Beds 2 Baths 1,958 sqft Built 1999

$279,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $142.49
  • 3 Days on Market
  • MLS # : 14540343
  • Updated Date : 03/27/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,958 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

This gem is in a fantastic neighborhood in the sought-after Aledo ISD and is within walking distance of schools. Close to downtown, parks, employment centers, restaurants with quick access to I-20. Beautiful split bedroom floor plan with spacious living area and kitchen with island and walk-in pantry. The master bath boasts a garden tub, double sinks, and a separate shower. The upstairs storage has been finished out and has been used as a game room and office over the years (bonus room). Enjoy the private backyard with a covered patio & plenty of space for outdoor activities. This home is ready for its new owners! **Open House** Saturday, March 27th from 11AM to 1PM!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
Vandagriff Elementary School Primary Regular 472 29 8
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Vandagriff Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 29
8
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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$969
Property Tax -$625
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$3

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.

$279,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.66%

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$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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,017

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,9503$2,0004$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 206 Aspen Loop Aledo, TX 1
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.93
    •  
  • 440 Pecan Drive Aledo, TX 2
    • 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 2017
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 306 Howard Way Drive Aledo, TX 3
    • 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 100 Chestnut Street Aledo, TX 4
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1983
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
  • 441 Sagebrush Drive Aledo, TX 5
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.09
    •  
PROPERTY LISTING DETAILS
Jerry Moody
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540343
Last Updated: 03/27/2021
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