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228 Catbird Trail Aledo, TX 76008

4 Beds 4 Baths 3,714 sqft Built 2020

INVESTimate

$640,000

List Price

$3,650

$3,400 - $3,900

Rent Est.

$668,672  ( +4.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $172.32
  • 8 Days on Market
  • MLS # : 14417036
  • Updated Date : 08/25/2020 at 09:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,714 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ultima Real Estate

Listing Agent's Description

Point Vista at The Parks of Aledo offers a scenic peaceful park like setting and so much more. With features like hike and bike trails, disc golf course, play grounds, dog parks and community gardens, there is something for eveyone. Located just south of FT.Worth, this community offers easy access to I-20 and Chisolm Trail Parkway. Residents of Point Vista in Parks of Aledo enjoy small-town charm, parks, excellent schools, and acres of open-space trails; making this community a must see!

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: 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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
7
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
 

$576,000$704,000$640,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$2,361
Property Tax -$1,435
Property Insurance -$242
HOA -$50
Property Management Fees -$99
CASH FLOW
-$537

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.

$640,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.48%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,600

INVESTMENT

$171,600

Down Payment
$160,000
Rehab Estimate
$2,000
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,640

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,650
$3,650
RENT COMPS ANALYSIS
  • 228 Catbird Trail Aledo, TX 2
    • 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.98
    •  
  • 135 Crooked Stick Lane Aledo, TX 1
    • 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2006
    LEASED 03/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.98
    •  
PROPERTY LISTING DETAILS
Mey-ling Pauri
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417036
Last Updated: 08/25/2020
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