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6052 Oakmere Lane Aubrey, TX 76227

4 Beds 3 Baths 2,379 sqft Built 2018

$349,500

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $146.91
  • 2 Days on Market
  • MLS # : 14508579
  • Updated Date : 01/30/2021 at 12:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,379 sqft
  • Baths : 3 full
Listing Agent

Re/max Dallas Suburbs

Listing Agent's Description

Absolutely Beautiful, move in ready First Texas built home on a cul de sac street. This fabulous home is FULL of upgrades such as engineered hardwood flooring, stone to the ceiling gas fireplace, gas cooktop and double ovens in the recently painted kitchen, a Ring video doorbell, pre- wired for surround sound, 2 closets in the master bedroom, a smart Savant security system, a tankless water heater and more. You will love it's location on a cul de sac street for privacy. The community boasts a great playground, community pool, and lots of open spaces. The covered back patio is a Must See with a ceiling fan, gas stub, space for TV, Very peaceful.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,214
Property Tax -$687
Property Insurance -$165
HOA -$46
Property Management Fees -$99
CASH FLOW
-$20

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.

$349,500

PROJECTED PRICE

$2,190

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,0954$2,1005$2,190
$2,190
RENT COMPS ANALYSIS
  • 6052 Oakmere Lane Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.92
    •  
  • 6204 Norley Court Celina, TX 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2019
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 4713 London Avenue Aubrey, TX 2
    • 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2019
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.86
    •  
  • 5817 Humber Lane Celina, TX 3
    • 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2018
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.96
    •  
  • 6001 Sutton Fields Trail Celina, TX 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2019
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Tom May
Re/max Dallas Suburbs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508579
Last Updated: 01/30/2021
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