Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $170.45
- 4 Days on Market
- MLS # : 14495679
- Updated Date : 01/07/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,904 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Acr
Listing Agent's Description
With a dream backyard hangout area and a spacious, open floor plan, this gorgeous 4 bed, 2.5 bath home has it all! Tucked inside highly sought-after Parks of Aledo, come home to this beautiful traditional build boasting an extended covered back patio that overlooks a sparkling pool, complete with decking and luscious landscaping. This house offers an open living concept, a dining and an oversized game room . New AC unit in 2020 and designer lighting. The Parks of Aledo neighborhood features park space, hike & bike trails, a dog park and more - all in Aledo ISD and a short walk from Aledo High School.
SEE MORE
- # 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
Zip Code: 76008
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76008
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$1,109 | |
| Property Insurance | -$195 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$276
|
||
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.
$494,990
PROJECTED PRICE
$2,900
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,922
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,748 |
| Loan Amount | $371,243 |
1.58
YEARS SAVED
$4,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,715
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
433 Prairie Run Aledo, TX 4
- 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,900
- $1.00
-
713 Westgate Drive Aledo, TX 1
- 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2015
LEASED 10/19/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
-
172 Meadow Park Drive Aledo, TX 2
- 4 beds 2 baths ∙ 2,878 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,878 Sqft ∙ Built 2002
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,500
- $0.87
-
208 Welch Folly Lane Aledo, TX 3
- 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018
LEASED 11/26/19- Rent
- Rent Per SQFT
- $2,550
- $0.96
-
708 Paintbrush Court Aledo, TX 5
- 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017
LEASED 01/23/20- Rent
- Rent Per SQFT
- $2,975
- $0.93
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Acr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495679
Last Updated: 01/07/2021
