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

772 Tallgrass Drive Aledo, TX 76008

4 Beds 2 Baths 2,194 sqft Built 2018

$389,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $177.30
  • 4 Days on Market
  • MLS # : 14508994
  • Updated Date : 02/06/2021 at 10:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,194 sqft
  • Baths : 2 full
Listing Agent

Indwell

Listing Agent's Description

Point Vista at Parks of Aledo charming one story Tudor style home in highly desired Aledo ISD and walking distance to Aledo HS. Bright, open living and kitchen areas with oversized island. Custom touches include, designer oak trim stained beams with matching mantel, floating shelves, coffee bar, wine refrigerator as well as upgraded fixtures. 4 bedrooms split design and additional bonus space that can be used as an office or extra storage. Large master retreat and master bath upgrades include glass frameless shower and 5ft Gemline soaking tub. Spacious backyard with plenty of green space big enough to add a pool.

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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
7
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
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,351
Property Tax -$871
Property Insurance -$154
HOA -$54
Property Management Fees -$99
CASH FLOW
-$120

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.

$389,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,402

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2004$2,4105$2,515
$2,515
RENT COMPS ANALYSIS
  • 772 Tallgrass Drive Aledo, TX 4
    • 4 beds 2 baths ∙ 2,194 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,194 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.10
    •  
  • 621 Smyth Street Aledo, TX 1
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2014
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 712 Westgate Drive Aledo, TX 2
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 708 Westgate Drive Aledo, TX 3
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2016
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 15028 Fleet Hill Road Aledo, TX 5
    • 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2020
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,515
    • $1.13
    •  
PROPERTY LISTING DETAILS
Kelli Trice
Indwell
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508994
Last Updated: 02/06/2021
BESbswy