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720 Paintbrush Court Aledo, TX 76008

4 Beds 3 Baths 3,129 sqft Built 2016

$375,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $119.85
  • 3 Days on Market
  • MLS # : 14427643
  • Updated Date : 03/05/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,129 sqft
  • Baths : 3 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Step inside this gorgeous home located in the heart of Aledo! Fabulous features include crown molding, plantation shutters, hardwood floors, high ceilings, much more. The living room overlooks the backyard with floor-to-ceiling stone, wood-burning fireplace open to the spacious kitchen with granite counters, SS appliances, custom cabinets, eat-in kitchen. An expansive master suite offers a sitting area, separate vanities, shower, soaking tub, massive walk-in closet, split from guest bedrooms all downstairs. Office has closet and can serve as fourth bedroom. Upstairs is a large game room, media room, full bath, and tons of storage. The backyard offers both a covered and extended flagstone patio for you to enjoy!

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

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,303
Property Tax -$840
Property Insurance -$208
HOA -$31
Property Management Fees -$99
CASH FLOW
$259

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.

$375,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$37,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,754

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7404$2,975
$2,975
RENT COMPS ANALYSIS
  • 720 Paintbrush Court Aledo, TX 3
    • 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.88
    •  
  • 424 Valley View Court Aledo, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 417 Sagebrush Drive Aledo, TX 2
    • 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2016
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.88
    •  
  • 708 Paintbrush Court Aledo, TX 4
    • 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 2017
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ashley Hanson
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14427643
Last Updated: 03/05/2021
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