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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $120.43
- 2 Days on Market
- MLS # : 14488649
- Updated Date : 12/18/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,491 sqft
- Baths : 2 full , 1 half
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
Built in 2015, this Aubrey two-story cul-de-sac home offers a patio, granite countertops, and a two-car garage. This home is vacant and cleaned regularly.
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
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$579 | |
| Property Insurance | -$171 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$29
|
||
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.
$300,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
4.17
YEARS SAVED
$13,956
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,987
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
501 Wounded Knee Drive Aubrey, TX 3
- 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,960
- $0.79
-
8516 Sagebrush Trail Cross Roads, TX 1
- 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006
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LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
8916 Yosemite Trail Cross Roads, TX 2
- 5 beds 2 baths ∙ 2,294 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,294 Sqft ∙ Built 2006
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LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,925
- $0.84
-
9012 Stewart Street Cross Roads, TX 4
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
1328 Red River Drive Aubrey, TX 5
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488649
Last Updated: 12/18/2020
