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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $132.25
- 2 Days on Market
- MLS # : 14512469
- Updated Date : 02/26/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,743 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Your search ends here! Spacious, energy efficient Marbella 2 Story home on oversized lot features *TRIPLE PANE ARGON WINDOWS*RADIENT BARRIER*TANKLESS WATER HEATER*FULLY INSULATED GARAGE*EXTENSIVE ATTIC STORAGE WITH 1x12 PINE PLANK FLOORING*CLASS 4 IMPACT RESISTANT ROOF*TONS OF STORAGE IN YOUR 26' DEEP, 3 CAR GARAGE. Your inner chef will LOVE the kitchen with its double oven and ample storage and if you like to entertain, you'll appreciate the expansive living-dining room that provides an abundance of flexible living space. For cozy nights, you'll enjoy the electric fireplace in the master suite, and don't forget the enclosed patio complete with central heat and air (included in sqft) for year round enjoyment.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$984 | |
| Property Insurance | -$243 | |
| HOA | -$284 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$840
|
||
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.
$495,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
-0.17
YEARS SAVED
-$25
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,920
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
10901 Sandstone Drive Denton, TX 1
- 3 beds 3 baths ∙ 3,743 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,743 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $0.67
-
9701 Grandview Drive Denton, TX 2
- 3 beds 3 baths ∙ 3,568 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,568 Sqft ∙ Built 2005
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,800
- $0.78
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512469
Last Updated: 02/26/2021
