Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

721 Countryside Drive Aubrey, TX 76227

3 Beds 2 Baths 1,304 sqft Built 2009

$250,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $191.72
  • 3 Days on Market
  • MLS # : 14485204
  • Updated Date : 12/11/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

This Beautiful 3 Bed 2 Bath home situated on a Cul De Sac is ready for its new owners. This head turning home has a beautiful brick and stone elevation and manicured yard. Custom built pool and concrete decking is less than 3 years old, With all of the top equipment, Making it energy efficient and low maintenance. Step inside this home and you will first notice the beautiful new floors and fresh paint throughout. Living room is gorgeous with an abundance of window's allowing ample's of natural light. split bedroom floor-plan perfect for any individual. Oversized master-bedroom and ensuite. NO HOA, Library, Community park, Track, Playing fields, And Brockett elementary all within walking distance.

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: Highmeadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k260k

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

Neighborhood: Highmeadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10381829

* 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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$922
Property Tax -$491
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$95

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.

$250,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,5004$1,5205$1,750
$1,750
RENT COMPS ANALYSIS
  • 721 Countryside Drive Aubrey, TX 4
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.17
    •  
  • 816 Greenview Court Aubrey, TX 1
    • 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 2005
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.13
    •  
  • 225 Irick Court Aubrey, TX 2
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 2008
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 418 Meadow Lane Aubrey, TX 3
    • 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000 3 beds 4 baths ∙ 1,396 Sqft ∙ Built 2000
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 325 Highmeadow Aubrey, TX 5
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2020
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
PROPERTY LISTING DETAILS
Curtis Petersen
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485204
Last Updated: 12/11/2020
BESbswy