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304 Jasmine Court Aledo, TX 76008

4 Beds 3 Baths 2,415 sqft Built 2018

$350,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $144.93
  • 5 Days on Market
  • MLS # : 14505848
  • Updated Date : 02/06/2021 at 11:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 3 full
Listing Agent

Dfwcityhomes

Listing Agent's Description

Multiple Offers Received. Best and Final requested by Monday, 2-8, 6:00 PM. Explore this barely lived in and pristine 2018 home on a premium cul-de-sac that backs to the walking trails and green belt in the sought-after Brook Hollow subdivision in Aledo ISD! Features an open floor plan and grand room. Four large bedrooms with two down, three are split from master, three full baths, and game room! Wonderful amenities, great closets, crown molding, granite countertops throughout home, gourmet kitchen, massive island, stainless appliances, coffee bar, gorgeous custom cabinets, sprinkler system, expansive fenced backyard, covered patio. Close to schools and shopping, I20 for an easy 20-minute commute to Fort Worth.

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
Vandagriff Elementary School Primary Regular 472 29 8
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Vandagriff Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 29
8
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,216
Property Tax -$784
Property Insurance -$167
HOA -$31
Property Management Fees -$99
CASH FLOW
$173

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.

$350,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3503$2,3704$2,4705$2,800
$2,800
RENT COMPS ANALYSIS
  • 304 Jasmine Court Aledo, TX 4
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.02
    •  
  • 304 Howard Way Drive Aledo, TX 1
    • 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.97
    •  
  • 453 Sagebrush Drive Aledo, TX 2
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2016
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 111 Chateau Drive Aledo, TX 3
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.03
    •  
  • 813 Sunflower Court Aledo, TX 5
    • 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2017
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tod Franklin
Dfwcityhomes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505848
Last Updated: 02/06/2021
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