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305 Post View Drive Aledo, TX 76008

3 Beds 3 Baths 2,394 sqft Built 2007

$300,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $125.31
  • 4 Days on Market
  • MLS # : 14526031
  • Updated Date : 03/11/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,394 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fort Worth Property Group

Listing Agent's Description

Amazing find in the sought after gated community of The Villas of Aledo. Stunning 3 BR, 2.5 BA floor plan has it all, including an open concept gourmet kitchen, dining room & living space, with a first level master with luxurious en suite and oversized utility room downstairs. The granite-covered kitchen has a large breakfast bar, with stone surround and stainless steel appliances with double ovens, cooktop & large pantry. The beautiful slate floors make the stone fireplace stand out even more! Upstairs is quiet flex area, along with 2 bedrooms with adjoining baths. Covered back patio great for entertaining and enjoying outdoor dining. Attached please find 360 Virtual Tour to preview property in it's entirety.

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,042
Property Tax -$672
Property Insurance -$166
HOA -$85
Property Management Fees -$99
CASH FLOW
$297

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.

$300,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.79%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$37,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,454

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3603$2,3704$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 305 Post View Drive Aledo, TX 2
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.99
    •  
  • 712 Westgate Drive Aledo, TX 1
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 111 Chateau Drive Aledo, TX 3
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.03
    •  
  • 713 Westgate Drive Aledo, TX 4
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 425 Prairie Run Aledo, TX 5
    • 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 2015
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
PROPERTY LISTING DETAILS
Sanford Finkelstein
Fort Worth Property Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526031
Last Updated: 03/11/2021
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