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306 Parkview Drive Aledo, TX 76008

3 Beds 2 Baths 2,278 sqft Built 2015

$415,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $182.18
  • 4 Days on Market
  • MLS # : 14529011
  • Updated Date : 03/12/2021 at 11:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,278 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

A gorgeous, bright and airy French chateau, this charmer boasts an endless list of upgrades capturing a sense of luxury. From the plantation shutters to the exposed wood beams, the Carrara marble countertops and the custom French doors to the back patio, no detail goes unnoticed in this perfectly planned home. Custom built by Bannister Homes in 2015, you'll love the open concept living, dining and kitchen area perfect for entertaining and enjoying quiet evenings. With three bedrooms, a formal dining room, a formal study, an extended covered patio, custom mud room bench and upgraded laundry room, you'll be wowed at every turn. Nestled in the highly coveted Parks of Aledo, this home is ready and waiting for you!

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

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

$373,500$456,500$415,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,441
Property Tax -$929
Property Insurance -$159
HOA -$50
Property Management Fees -$99
CASH FLOW
-$149

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.

$415,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.61%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,557

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2004$2,5305$2,700
$2,700
RENT COMPS ANALYSIS
  • 306 Parkview Drive Aledo, TX 4
    • 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.11
    •  
  • 621 Smyth Street Aledo, TX 1
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 712 Westgate Drive Aledo, TX 2
    • 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
    •  
  • 708 Westgate Drive Aledo, TX 3
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2016
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 118 Parkview Drive Aledo, TX 5
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2014
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.24
    •  
PROPERTY LISTING DETAILS
Matthew Brown
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529011
Last Updated: 03/12/2021
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