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505 Christel Sun Lane 
Aledo, TX
76008
3 Beds 4 Baths 2,617 sqft
Built 2020
INVESTimate
$436,199
List Price
$117,593
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $166.68
- 3 Days on Market
- MLS # : 14419715
- Updated Date : 08/24/2020 at 11:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,617 sqft
- Baths : 3 full , 1 half
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14419715 - Built by Highland Homes - December completion! ~ Stunning home with white brick, 13 ft ceilings, and floor to ceiling windows! Perfect for entertaining with oversized kitchen, gorgeous built in hutch, and entertainment room! Private master suite with walk in shower, garden tub, and massive closet! Finishes include wood floors, quartz countertops, and tankless hot water heaters!
SEE MORE
- . 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: Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$1,609 |
| Property Tax | -$977 | |
| Property Insurance | -$178 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$164
|
||
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.
$436,199
PROJECTED PRICE
$2,770
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.48% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,593
LOAN DETAILS
$1,609
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,050 |
| Loan Amount | $327,149 |
2.5
YEARS SAVED
$10,574
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,781
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
505 Christel Sun Lane Aledo, TX 4
- 3 beds 4 baths ∙ 2,617 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,617 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,770
- $1.06
-
15116 Roderick Road Aledo, TX 1
- 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017
LEASED 07/30/19- Rent
- Rent Per SQFT
- $2,400
- $1.00
-
14913 Blakely Way Aledo, TX 2
- 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2017
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,600
- $1.01
-
14925 Belclaire Avenue Aledo, TX 3
- 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,600
- $1.12
-
15201 Everly Court Aledo, TX 5
- 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2017
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,950
- $1.12
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419715
Last Updated: 08/24/2020
