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216 D Lynne Street Aubrey, TX 76227

3 Beds 2 Baths 1,524 sqft Built 1999

$225,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $147.64
  • 4 Days on Market
  • MLS # : 14511678
  • Updated Date : 02/04/2021 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,524 sqft
  • Baths : 2 full
Listing Agent

Re/max Cross Country

Listing Agent's Description

****Multiple offers have been received****Highest & best due by 5:00 pm Saturday, February 6th**** This 3 bedroom, 2 bathroom home is nestled on a corner lot that's just shy of a quarter of an acre in a quiet, cozy neighborhood. Oversized 2-car garage with shelving. Ample storage space in the kitchen with deep drawers for all your pots & pans & a little nook that's perfect for your mixer. Beautiful, see-through fireplace in the living & dining areas. Plenty of cabinet space in the utility room & en-suite. Walk-in closets in every bedroom with automatic lighting. Covered front & back porches. And, the refrigerator conveys with the property! What more could you ask for!

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

Neighborhood: Aubrey Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $101k260k

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

Neighborhood: Aubrey Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10211829

* 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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$782
Property Tax -$442
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$162

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$24,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5954$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 216 D Lynne Street Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 303 Cottonwood Street Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2000
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 418 Meadow Lane Aubrey, TX 2
    • 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 3005 Glenwood Court Aubrey, TX 3
    • 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,558 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 206 Linda Street Aubrey, TX 5
    • 4 beds 2 baths ∙ 1,346 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,346 Sqft ∙ Built 1998
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.23
    •  
PROPERTY LISTING DETAILS
Genena Barnes
Re/max Cross Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511678
Last Updated: 02/04/2021
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