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1028 W Hanna Street Denison, TX 75020

3 Beds 2 Baths 1,121 sqft Built 1987

$139,500

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $124.44
  • 2 Days on Market
  • MLS # : 14536858
  • Updated Date : 03/20/2021 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,121 sqft
  • Baths : 2 full
Listing Agent

Era Steve Cook & Co, Realtors-«

Listing Agent's Description

Multiple offers received. Showings end Sunday evening. Offers must be in hand by mid-day Monday. Super cute recently remodeled home. All appliances are new as well as water heater, HVAC system, flooring, paint and roof. All you will need is a refrigerator. Home features 3 bedroom, 2 full bathrooms, and 1 car garage. Yard has shade trees, decorative pond and beautiful landscaping. Location is convenient to downtown, highways and schools. This could be a great place for first time home buyers, folks looking to downsize or just someone who wants an easy to care for one story home. Call your favorite REALTOR and come check it out today.

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: 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
Houston Elementary School Primary Regular 291 20 4
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Houston Elementary School

  • Education Level: Primary
  • # of students: 291
  • # of teachers: 20
4
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
 

$125,550$153,450$139,500

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$485
Property Tax -$320
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
$88

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.

$139,500

PROJECTED PRICE

$1,080

PROJECTED RENT

0.77%

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

PROJECTED ANNUAL CASH FLOW

11530-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k

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$42,718

INVESTMENT

$42,718

Down Payment
$34,875
Rehab Estimate
$5,750
Closing Costs
$2,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$485

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,875
Loan Amount $104,625
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$8,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,157

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,1503$1,2754$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 1028 W Hanna Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,121 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.96
    •  
  • 821 W Heron Street Denison, TX 2
    • 3 beds 2 baths ∙ 1,095 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,095 Sqft ∙ Built 2002
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 400 W Bullock Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1968
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.01
    •  
  • 22 Circle Drive Denison, TX 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 3305 Belle Avenue Denison, TX 5
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cristi Perkins
Era Steve Cook & Co, Realtors-«
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536858
Last Updated: 03/20/2021
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