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4109 Hawthorn Drive Aubrey, TX 76227

4 Beds 4 Baths 3,065 sqft Built 2020

$483,892

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $157.88
  • 2 Days on Market
  • MLS # : 14478071
  • Updated Date : 11/28/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,065 sqft
  • Baths : 3 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14478071 - Built by Highland Homes - April completion! ~ Lovely One Story Home with a Wow Factor! This Open Floor Plan will be the Home of Choice for Hosting Gatherings. Features an Enhanced Kitchen with Double Ovens, which offers a Large Island and Peninsula for Extra Seating. The Study will be perfect for the Work from Home parent and the Entertainment Room will be wonderful for watching the latest on Netflix.

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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
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
 

$435,503$532,281$483,892

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,785
Property Tax -$1,034
Property Insurance -$204
HOA -$65
Property Management Fees -$99
CASH FLOW
-$518

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$483,892

PROJECTED PRICE

$2,670

PROJECTED RENT

0.55%

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) 3.00%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,231

INVESTMENT

$130,231

Down Payment
$120,973
Rehab Estimate
$2,000
Closing Costs
$7,258

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,785

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,973
Loan Amount $362,919
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5953$2,6704$3,100
$3,100
RENT COMPS ANALYSIS
  • 4109 Hawthorn Drive Aubrey, TX 3
    • 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.87
    •  
  • 4544 Longfellow Avenue Celina, TX 1
    • 5 beds 4 baths ∙ 3,007 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,007 Sqft ∙ Built 2018
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 6225 Hightower Street Celina, TX 2
    • 4 beds 4 baths ∙ 2,882 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,882 Sqft ∙ Built 2018
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.90
    •  
  • 1804 Settlement Way Aubrey, TX 4
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478071
Last Updated: 11/28/2020
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