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3807 Aberdeen Court Richardson, TX 75082

3 Beds 2 Baths 1,707 sqft Built 1997

$305,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $178.68
  • 4 Days on Market
  • MLS # : 14492111
  • Updated Date : 01/16/2021 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Lake Realty Group, Llc

Listing Agent's Description

3 Bedroom 2 bath in great area on cul de sac. Kitchen boast granite counters and breakfast bar. Large backyard with pool and wood deck for summer entertainment. Backyard has updated separate board on board fence area for additional privacy. Owner works from home so limited showings during the week between 11-8 pm with 24 hours approval required Mon- Fri. Early weekday may be possible 8:00 am-10:00 am with owner approval with 24 hour notice. Weekends more flexible. Showing starting Friday January 15. 2021 5:00 pm to 7:00 pm 30 minutes max window through showtime. Sat 10-6:pm Sun 10-3 pm 30 minute max. Buyers & agent must wear masks at all times. DEADLINE for all offer Sunday January 17, 2021 at 7:00 pm.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Carrington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k381k

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

Neighborhood: Carrington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262295

* 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
Schell Elementary School Primary Regular 668 45 8
Otto Middle School Middle Regular 990 66 7
Plano East Senior High School High Regular 2,841 183 8

Schell Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 45
8
GreatSchools Rating

Otto Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 66
7
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,059
Property Tax -$564
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$122

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.

$305,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8003$1,8504$1,9705$2,000
$2,000
RENT COMPS ANALYSIS
  • 3807 Aberdeen Court Richardson, TX 4
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.15
    •  
  • 807 Summer Place Murphy, TX 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1981
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.03
    •  
  • 5598 Carrington Drive Richardson, TX 2
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1998
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 308 Sycamore Drive Murphy, TX 3
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1994
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 139 Post Crest Drive Murphy, TX 5
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
David Buchanan
Lake Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492111
Last Updated: 01/16/2021
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