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809 Greenview Court Aubrey, TX 76227

3 Beds 2 Baths 1,281 sqft Built 2006

$230,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $179.55
  • 4 Days on Market
  • MLS # : 14529041
  • Updated Date : 03/13/2021 at 18:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,281 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

MULTPLE OFFERS RECEIVED- H&B BY 4PM ON 3-14 - NO ADDITIONAL SHOWINGS - ALREADY SCHEDULED SHOWINGS WILL BE ALLOWED. **Please view virtual walk through if you have not already scheduled a showing.** Wonderfully maintained home in upcoming Aubrey! Custom details to the house make this feel like home. Lots of natural light fill the open concept living home. The house is on a cul-de-sac and situated in a lovely neighborhood. Brand new laminate flooring is in the living room and hallway. Great starter home!!! Please view the walk through tour! All information herein deemed reliable but not guaranteed, buyer and buyers agent responsible to verify.

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

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$799
Property Tax -$452
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$51

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.

$230,000

PROJECTED PRICE

$1,400

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4504$1,7755$1,795
$1,795
RENT COMPS ANALYSIS
  • 809 Greenview Court Aubrey, TX 2
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
  • 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 3
    • 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
    •  
  • 305 Glenview Drive Aubrey, TX 4
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
  • 309 Highmeadow Road Aubrey, TX 5
    • 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,603 Sqft ∙ Built 2005
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.12
    •  
PROPERTY LISTING DETAILS
Carrie Ingram
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529041
Last Updated: 03/13/2021
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