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628 Yucca Court Aledo, TX 76008

4 Beds 2 Baths 2,291 sqft Built 2017

INVESTimate

$325,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$339,560  ( +4.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $141.86
  • 5 Days on Market
  • MLS # : 14417519
  • Updated Date : 08/24/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,291 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Explore this stunning, barely lived in home. The sleek and modern finishes compliment the traditional layout for your growing family. Wood-like tile floors continue throughout the entire home. Delightful and inviting great room is the center piece and flows effortlessly into the kitchen and roomy dining area. Huge island rounds out the well-appointed kitchen which will inspire your culinary artist. Split primary bedroom features a spa-inspired bath. Added plus is the private office center perfect for online schoolwork, a home office or maintenance center. There is an abundance of storage, not to mention the three-car garage. These proud sellers pay attention to every detail.

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: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262811

* 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
Vandagriff Elementary School Primary Regular 472 29 8
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Vandagriff Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 29
8
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,199
Property Tax -$728
Property Insurance -$160
HOA -$31
Property Management Fees -$99
CASH FLOW
$63

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.

$325,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2503$2,2804$2,3505$2,370
$2,370
RENT COMPS ANALYSIS
  • 628 Yucca Court Aledo, TX 3
    • 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.00
    •  
  • 526 E Oak Street Aledo, TX 1
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2001
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 103 Chateau Drive Aledo, TX 2
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2009
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.02
    •  
  • 304 Howard Way Drive Aledo, TX 4
    • 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.97
    •  
  • 111 Chateau Drive Aledo, TX 5
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2012
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.03
    •  
PROPERTY LISTING DETAILS
Holly Koester
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417519
Last Updated: 08/24/2020
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