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2804 Aberdeen Drive Flower Mound, TX 75022

4 Beds 3 Baths 2,744 sqft Built 1993

$430,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $156.71
  • 4 Days on Market
  • MLS # : 14474001
  • Updated Date : 11/19/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,744 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Stunning home abounding with updates in highly rated Flower Mound schools! Minutes from DFW airport, walking distance to Lake Grapevine, bike & hike trails and entertainment at Lakeside. Beautiful plantation shutters, vaulted ceilings, crown molding, natural light throughout this impeccably maintained home is a rare find. Open layout and oversized windows look out to the spacious and low maintenance backyard, making this home a stunning oasis. Storage galore with 3 decked attic storage areas and oversized garage with built in workbench. Come and make it your home.

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: Woodlake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Woodlake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Old Settlers Elementary School Primary Regular 636 43 10
Shadow Ridge Middle School Middle Regular 721 52 10
Flower Mound High School High Regular 2,550 157 10

Old Settlers Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 43
10
GreatSchools Rating

Shadow Ridge Middle School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 52
10
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,587
Property Tax -$742
Property Insurance -$186
HOA -$22
Property Management Fees -$99
CASH FLOW
$55

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.

$430,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$29,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5953$2,6904$2,7505$2,750
$2,750
RENT COMPS ANALYSIS
  • 2804 Aberdeen Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.98
    •  
  • 1900 Honey Mesquite Lane Flower Mound, TX 1
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1998
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
  • 2900 Meadow Green Drive Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1998
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.96
    •  
  • 2617 Woodstone Court Flower Mound, TX 4
    • 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 2000
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.99
    •  
  • 700 Montrose Court Flower Mound, TX 5
    • 4 beds 2 baths ∙ 2,587 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,587 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.06
    •  
PROPERTY LISTING DETAILS
Edith Durm
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474001
Last Updated: 11/19/2020
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