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536 Cheyenne Drive Aubrey, TX 76227

3 Beds 2 Baths 1,461 sqft Built 2014

$265,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $181.38
  • 4 Days on Market
  • MLS # : 14534437
  • Updated Date : 03/20/2021 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,461 sqft
  • Baths : 2 full
Listing Agent

Real T Team

Listing Agent's Description

Awesome one owner home in the desirable master planned community of Cross Oak Ranch. Welcome to this inviting open floor plan, just the right place for living & relaxing and entertaining. The kitchen features generous cabinet space w granite countertops & designer backsplash, and an island for your chefs to create those delectable meals. The master retreat includes a bathroom w dual sinks, garden tub, separate shower, linen closet, and a large walk-in closet. New fence in 2019 and a screened in back patio. Come sit a spell and sip your morning java or evening Texas iced tea. Come enjoy the many amenities awaiting you - pools, parks, playgrounds, walking trails and a catch & release pond!

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

Neighborhood: Cross Oak Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $112k260k

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

Neighborhood: Cross Oak Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110011501200125013001350140014501500155016001650170017501800Rent in $10961829

* 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
Cross Oaks Elementary School Primary Regular 596 40 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Cross Oaks Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 40
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$920
Property Tax -$511
Property Insurance -$112
HOA -$33
Property Management Fees -$99
CASH FLOW
$74

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.

$265,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$17,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 536 Cheyenne Drive Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
  • 521 Wounded Knee Drive Cross Roads, TX 1
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 2015
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 9225 Wayne Street Cross Roads, TX 2
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 9109 Stewart Street Cross Roads, TX 3
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2013
    LEASED 02/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
  • 512 Cheyenne Drive Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 2014
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.31
    •  
PROPERTY LISTING DETAILS
Marti Kay Hill
Real T Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534437
Last Updated: 03/20/2021
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