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405 Brahma Street Aubrey, TX 76227

3 Beds 2 Baths 1,536 sqft Built 2014

$244,990

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $159.50
  • 4 Days on Market
  • MLS # : 14467509
  • Updated Date : 11/21/2020 at 10:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Mckinney

Listing Agent's Description

MULTIPLE OFFERS RECEIVED, Best and Final due Saturday Nov. 21st @ 6PM!! One owner home in highly sought after Cross Oak Ranch. This lovely 3 bedroom, 2 bath home has a wonderful open floorplan that includes a large granite island and breakfast bar open to dining and living area. Lower kitchen cabinets have pull out drawers!! Perfect view of backyard from kitchen and living area. Large covered patio accessible from dining area. Master suite with garden tub, separate shower and linen closet is located away from other bedrooms. Home has beautiful drive up appeal with front entry garage and provides plenty of parking with its long drive-way. Refrigerator included!

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

Neighborhood: Cross Oak Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $112k260k

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

Neighborhood: Cross Oak Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110011501200125013001350140014501500155016001650170017501800Rent in $10961829

* 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
Cross Oaks Elementary School Primary Regular 596 40 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Cross Oaks Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 40
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$220,491$269,489$244,990

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$904
Property Tax -$473
Property Insurance -$116
HOA -$32
Property Management Fees -$99
CASH FLOW
-$24

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.

$244,990

PROJECTED PRICE

$1,600

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.3%
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

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$70,672

INVESTMENT

$70,672

Down Payment
$61,248
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,248
Loan Amount $183,743
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 405 Brahma Street Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 9109 Wayne Street Cross Roads, TX 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 701 Cheyenne Drive Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2015
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 9121 Eastwood Avenue Cross Roads, TX 3
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 9225 Wayne Street Cross Roads, TX 5
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
PROPERTY LISTING DETAILS
Suzanne Andries
Jp And Associates Mckinney
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467509
Last Updated: 11/21/2020
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