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313 Valley Drive Aubrey, TX 76227

4 Beds 3 Baths 1,883 sqft Built 2013

$275,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $146.04
  • 6 Days on Market
  • MLS # : 14479573
  • Updated Date : 12/02/2020 at 06:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,883 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Offering this 4 bed 2.5 bath in the highly desired High Meadows Subdivisions. This home has designer type finish's and is located in one of the top school district's in Texas. Step inside this home and you will first notice the beautiful wood like floors and elevated ceilings. Wood burning fireplace centrally located in the home for cold winter nights and custom built nook perfect for studying. An upgraded kitchen highlights this home featuring granite countertop's, Top of the line appliance's, And an abundance of cabinets. Oversized Master bedroom and en-suite, King size bed's fit in every room. No HOA, community offer's playground, recreational fields, Track, and Public Library, 45 min from anywhere in DFW.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Highmeadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k260k

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

Neighborhood: Highmeadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10381829

* 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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,015
Property Tax -$588
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
-$57

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$8.0k$10k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7503$1,7804$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 313 Valley Drive Aubrey, TX 3
    • 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.95
    •  
  • 1005 Karen Street Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2004
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 3004 Glenwood Court Aubrey, TX 2
    • 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 740 Countryside Drive Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2006
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 225 Glenview Drive Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2009
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Curtis Petersen
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479573
Last Updated: 12/02/2020
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