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2120 Rodgers Lane Aubrey, TX 76227

3 Beds 2 Baths 1,085 sqft Built 2007

$205,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $188.94
  • 4 Days on Market
  • MLS # : 14469791
  • Updated Date : 11/14/2020 at 12:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,085 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

MULTIPLE OFFERS! BEST AND FINAL DUE BY 5PM ON SUNDAY, 11-15! Come see this absolutely ADORABLE, cottage style Aubrey home! Take in the water view across the street with picturesque curb appeal! Offering 3 beds, 2 baths, open Living and Kitchen area that's crisp, light and bright throughout. Featuring newer paint, flooring, quartz countertops in the Kitchen and Baths. Cozy front porch and nice sized covered rear patio! Nice sized grassed backyard as well. Schedule your showing today!...

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

Neighborhood: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Island Village at Providence

NeighborhoodNIR 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
Monaco Elementary School Primary Regular 642 36 6
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Monaco Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 36
6
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$756
Property Tax -$403
Property Insurance -$90
HOA -$60
Property Management Fees -$99
CASH FLOW
-$118

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.

$205,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3953$1,4754$1,4755$1,600
$1,600
RENT COMPS ANALYSIS
  • 2120 Rodgers Lane Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,085 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,085 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.19
    •  
  • 9838 Cedarcrest Drive Providence Village, TX 2
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 2003
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.18
    •  
  • 1713 Cambridge Drive Providence Village, TX 3
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 2005
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.23
    •  
  • 1912 Rodgers Lane Providence Village, TX 4
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2012
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.14
    •  
  • 1741 Goodwin Drive Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.19
    •  
PROPERTY LISTING DETAILS
Michael Brink
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469791
Last Updated: 11/14/2020
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