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413 Meadow Lane Aubrey, TX 76227

3 Beds 2 Baths 1,320 sqft Built 1999

$220,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $166.67
  • 3 Days on Market
  • MLS # : 14488585
  • Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

PHOTOS COMING SOON! This Charming 3 bed 2 bath is all ready for its new owners. Situated on an oversized corner lot this home has beautiful curb appeal and style. Step inside this home and you will first notice the tall ceilings and functional split bedroom floor-plan. This Lovely home has a beautiful updated kitchen. Fresh paint throughout, Luxury vinyl plank flooring and wood burning fireplace. Master-bedroom and ensuite features separate shower and tub combo with a walk in closet. Outside you will find multiple covered porches and plenty of space for any outside activity. This home is Aubrey Brockett elementary zoning and is 1 hour from anywhere in DFW.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Thistledown

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $90k260k

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

Neighborhood: Thistledown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9561829

* 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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$812
Property Tax -$470
Property Insurance -$104
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.

$220,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,4604$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 413 Meadow Lane Aubrey, TX 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.11
    •  
  • 816 Greenview Court Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 2005
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.13
    •  
  • 225 Irick Court Aubrey, TX 2
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 2008
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 303 Cottonwood Street Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2000
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 418 Meadow Lane Aubrey, TX 5
    • 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Curtis Petersen
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488585
Last Updated: 12/19/2020
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