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4543 Kipling Avenue Aubrey, TX 76227

5 Beds 4 Baths 3,346 sqft Built 2018

$399,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $119.52
  • 3 Days on Market
  • MLS # : 14530648
  • Updated Date : 03/12/2021 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,346 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This stunning home provides gorgeous curb appeal on an oversized corner lot. The inviting, covered front porch welcomes you into vaulted ceilings, neutral paint tones and decorative lighting throughout. The spacious and open kitchen features modern white cabinetry and hardware, SS appliances, and subway tile backsplash. Master bath highlights oversized shower, garden tub, elegant grey cabinets, and square sinks. Upstairs, a spacious loft game room overlooks the living room with upgraded iron balusters. The covered back patio provides views of the large backyard perfect for entertaining! Sutton Fields HOA includes community pools, playground, and garden. This home feeds into Prosper ISD!

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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,389
Property Tax -$786
Property Insurance -$221
HOA -$47
Property Management Fees -$99
CASH FLOW
$199

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.

$399,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.69%

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) 8.00%
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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$33,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,699

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6953$2,7404$3,100
$3,100
RENT COMPS ANALYSIS
  • 4543 Kipling Avenue Aubrey, TX 3
    • 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.82
    •  
  • 1617 Settlement Way Aubrey, TX 1
    • 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 1936 Tomahawk Trail Aubrey, TX 2
    • 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2020
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.77
    •  
  • 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
Kim Davis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530648
Last Updated: 03/12/2021
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