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4120 Silver Spur Court Aubrey, TX 76227

3 Beds 3 Baths 2,274 sqft Built 2021

$398,511

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $175.25
  • 3 Days on Market
  • MLS # : 14518120
  • Updated Date : 02/12/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,274 sqft
  • Baths : 2 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME! Treat yourself to the captivating lifestyle experience of the beautiful and streamlined Bluebonnet luxury home. This home's thoughtful design offers a great retreat space in between the 2 secondary bedrooms. The eat-in kitchen features a family breakfast island, a pantry, and plenty of prep space for the resident chef. Finish your day relaxed on the oversized back patio and enjoy your outdoor oasis. Advanced framing, 2x6 exterior walls & tankless water heaters delivering you a 3 year guarantee on your energy bills. Ask about our 1-2-10 Year Warranty and SAVE BIG with out Energy Saver Program!

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

Neighborhood: Clariden Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $117k1109k

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

Neighborhood: Clariden Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000450050005500Rent in $11265776

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$358,660$438,362$398,511

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$1,384
Property Tax -$852
Property Insurance -$159
HOA -$65
Property Management Fees -$99
CASH FLOW
$481

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.

$398,511

PROJECTED PRICE

$3,040

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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$0.0$5.0k$10k$15k$20k$25k

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$107,605

INVESTMENT

$107,605

Down Payment
$99,628
Rehab Estimate
$2,000
Closing Costs
$5,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,628
Loan Amount $298,883
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$69,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $3,070

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,500
$3,500
RENT COMPS ANALYSIS
  • 4120 Silver Spur Court Aubrey, TX 1
    • 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.34
    •  
  • 21 Jamie Court Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518120
Last Updated: 02/12/2021
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