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713 Marietta Lane Aubrey, TX 76227

3 Beds 2 Baths 2,041 sqft Built 2014

$333,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $163.16
  • 4 Days on Market
  • MLS # : 14517531
  • Updated Date : 02/12/2021 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

BETTER THAN NEW!Gorgeous 1 story boasts double scraped hardwood floors with open concept.Flex living area that is used as an office could be dining or living area.Eat in kitchen features granite counters,stainless steal appliances,gas range & convection oven,large walk in panty, coffee bar and center island-breakfast bar that overlooks the breakfast area & spacious living room.Master suite features two large walk in closets,an oversize shower & separate vanities.Split secondary bedrooms are located on the other side of the home for privacy.Storage room could easley be turned back into 4th bedoom.Oversisized garage has built in workshop with 220 electric.Extended covered patio is perfect for entertaining.

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

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Savannah

NeighborhoodNIR 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

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

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$299,700$366,300$333,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,157
Property Tax -$758
Property Insurance -$145
HOA -$71
Property Management Fees -$99
CASH FLOW
-$309

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.

$333,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$93,995

INVESTMENT

$93,995

Down Payment
$83,250
Rehab Estimate
$5,750
Closing Costs
$4,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,157

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,250
Loan Amount $249,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9203$1,9454$1,9955$2,300
$2,300
RENT COMPS ANALYSIS
  • 713 Marietta Lane Aubrey, TX 2
    • 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.94
    •  
  • 1009 Holly Anne Lane Aubrey, TX 1
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2015
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 1013 Holly Anne Lane Savannah, TX 3
    • 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2015
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.95
    •  
  • 708 Lighthouse Lane Savannah, TX 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 861 Countryside Way Little Elm, TX 5
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 2016
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michael T Rekart
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517531
Last Updated: 02/12/2021
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