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4107 Alcott Lane Aubrey, TX 76227

4 Beds 2 Baths 2,043 sqft Built 2018

$290,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $141.95
  • 4 Days on Market
  • MLS # : 14472877
  • Updated Date : 11/20/2020 at 08:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,043 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

--MULTIPLE OFFERS-- Adorable, Like new Single Story house in Exemplary Prosper ISD! A perfect find for those wishing to have all the benefits of a new home without the hassle and the wait. Home features a fabulous open concept floorplan that is perfect for family living & entertaining. Spacious kitchen showcases beautiful 42-in. upper white cabinets, Stainless Steel appliances, stunning granite counter tops, subway tile and walk-in pantry. SMART features allow you to control AC, front door camera, door locks, garage doors, fan & lights from your phone. Covered Patio. Community includes 2 pools, tennis court, play ground, fire pits, community gardens, BBQ, pavilion, ponds and open spaces.

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: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,070
Property Tax -$570
Property Insurance -$145
HOA -$46
Property Management Fees -$99
CASH FLOW
-$30

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.

$290,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$1,9985$2,100
$2,100
RENT COMPS ANALYSIS
  • 4107 Alcott Lane Aubrey, TX 2
    • 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 6200 Brunswick Drive Celina, TX 1
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2019
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 6140 Sutton Fields Trail Celina, TX 3
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2017
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 6113 Brunswick Drive Celina, TX 4
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2019
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $1.01
    •  
  • 6105 Cheshire Street Aubrey, TX 5
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Francia Santos
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472877
Last Updated: 11/20/2020
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