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3001 Denver Avenue Aubrey, TX 76227

3 Beds 2 Baths 1,638 sqft Built 2020

$272,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $166.36
  • 2 Days on Market
  • MLS # : 14517343
  • Updated Date : 02/12/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,638 sqft
  • Baths : 2 full
Listing Agent

Halo Group Realty, Llc

Listing Agent's Description

BRAND NEW! It is your lucky day! This home has everything you could ask for including NO build time!! The homeowners are being relocated and must move after loving this beauty for only 4 months. This amazing 3 bed 2 bath has wood- look tile throughout. Stainless steel appliances. Smart home package with a video doorbell and an app to control your thermostat and garage door. Great corner lot with large backyard. Lots of natural light in the kitchen and living room. A corner fireplace will provide that cozy feeling your are looking for. MUST SEE!!

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$245,250$299,750$272,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$947
Property Tax -$583
Property Insurance -$122
HOA -$75
Property Management Fees -$99
CASH FLOW
-$125

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.

$272,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,213

INVESTMENT

$74,213

Down Payment
$68,125
Rehab Estimate
$2,000
Closing Costs
$4,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$947

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,125
Loan Amount $204,375
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6884$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 3001 Denver Avenue Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 272 Irick Court Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 268 Irick Court Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 1560 Alamandine Avenue Cross Roads, TX 3
    • 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,578 Sqft ∙ Built 2018
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,688
    • $1.07
    •  
  • 305 Glenview Drive Aubrey, TX 5
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
PROPERTY LISTING DETAILS
Tammy Reiter
Halo Group Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517343
Last Updated: 02/12/2021
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