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1019 Baker Street Denison, TX 75020

3 Beds 2 Baths 1,285 sqft Built 2017

$155,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $120.62
  • 2 Days on Market
  • MLS # : 14491065
  • Updated Date : 01/02/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,285 sqft
  • Baths : 2 full
Listing Agent

C-21 Dean Gilbert, Realtors

Listing Agent's Description

... Beautiful high-quality one owner home in Denison built in 2017. Wonderfully laid out floor plan and open concept design for fun entertaining and easy living. This home has so many extras inside like custom cabinets, stainless steel appliances, granite countertops, vaulted ceilings, beautiful wood look ceramic flooring and more. The Gorgeous owners retreat bedroom and bath with dual sinks and walk in closets is a must see. Huge covered front porch with custom railing to sit and enjoy the wonderful Texas weather and say high to your neighbors. Designed with modern living and efficiency in mind.

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

Zip Code: 75020

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $57k168k

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

Zip Code: 75020

No Data Available.

* 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
Golden Rule Elementary School Primary Regular NA
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Golden Rule Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B Mcdaniel Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 48
5
GreatSchools Rating

Denison High School

  • Education Level: High
  • # of students: 1,243
  • # of teachers: 99
5
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$572
Property Tax -$355
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
$186

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.

$155,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$20,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,311

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,2954$1,3105$1,395
$1,395
RENT COMPS ANALYSIS
  • 1019 Baker Street Denison, TX 4
    • 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.02
    •  
  • 929 W Collins Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 1011 Rice Street Denison, TX 2
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2015
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 1007 Rice Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 2015
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 1009 Rice Street Denison, TX 5
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2016
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ben Williams
C-21 Dean Gilbert, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491065
Last Updated: 01/02/2021
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