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7531 Aberdon Road Dallas, TX 75252

4 Beds 3 Baths 2,940 sqft Built 1995

$420,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $142.86
  • 3 Days on Market
  • MLS # : 14495476
  • Updated Date : 01/10/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Impeccably maintained original owner, Ashton Woods home nestled on a cul-de-sac street in Dallas. This sprawling one story offers a spacious floor plan for entertaining with two living areas accentuated by a cozy double-sided fireplace and BIC's. Preparing home-cooked meals is a breeze with ample counter-top space and gas cook-top. Secluded owner's retreat is generously sized and features a bright en suite with his & her vanities, a relaxing jetted tub and large WIC. Enjoy unwinding outdoors on the expansive deck with pergola overlooking the green space for kids and pets to play. Excellent location with highly sought-after Plano West schools and within close proximity to highways, shopping and entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k426k

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

Neighborhood: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472837

* 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
Jackson Elementary School Primary Regular 594 54 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Jackson Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 54
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,459
Property Tax -$830
Property Insurance -$197
HOA -$58
Property Management Fees -$99
CASH FLOW
-$3

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.

$420,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$17,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,668

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5004$2,6405$2,900
$2,900
RENT COMPS ANALYSIS
  • 7531 Aberdon Road Dallas, TX 4
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.90
    •  
  • 17212 Ikel Drive Dallas, TX 1
    • 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 1981
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 7335 Kirkham Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1982
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 18282 Meandering Way Dallas, TX 3
    • 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1996
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 18108 N Aramis Lane Dallas, TX 5
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1981
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
PROPERTY LISTING DETAILS
Paul Jeske
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495476
Last Updated: 01/10/2021
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