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4117 Silver Spur Court Aubrey, TX 76227

4 Beds 3 Baths 2,258 sqft Built 2020

$396,391

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $175.55
  • 4 Days on Market
  • MLS # : 14484571
  • Updated Date : 12/10/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,258 sqft
  • Baths : 3 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14484571 - Built by Highland Homes - April completion! ~ Beautiful one story home! Open floor plan with luxury vinyl flooring in main areas. Quartz countertops with built in SS appliances in kitchen. Family rooms boasts a tile fireplace with 8' doors throughout and 6 baseboards.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$356,752$436,030$396,391

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,463
Property Tax -$847
Property Insurance -$158
HOA -$65
Property Management Fees -$99
CASH FLOW
-$352

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.

$396,391

PROJECTED PRICE

$2,280

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,044

INVESTMENT

$107,044

Down Payment
$99,098
Rehab Estimate
$2,000
Closing Costs
$5,946

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,463

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,098
Loan Amount $297,293
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,269

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2004$2,2505$2,280
$2,280
RENT COMPS ANALYSIS
  • 4117 Silver Spur Court Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.01
    •  
  • 6105 Cheshire Street Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 4909 Cleves Avenue Celina, TX 2
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 2020
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
  • 6400 Farndon Drive Celina, TX 3
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 6224 Heron Drive Celina, TX 4
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2019
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
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 #: 14484571
Last Updated: 12/10/2020
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