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1204 10th Street Argyle, TX 76226

5 Beds 3 Baths 3,434 sqft Built 2020

$552,023

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $160.75
  • 2 Days on Market
  • MLS # : 14467677
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,434 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14467677 - Built by Coventry Homes - December completion! ~ This gorgeous spacious home has it all! Beautiful white brick & front porch with cedar beams. 2-story entry ceiling. Large family room with huge windows overlooking the covered back patio, outdoor fireplace & oversized yard. The gourmet kitchen is loaded with upgrades, boxed window, oversized island, & walk-in pantry. The master suite has a tray ceiling & luxurious bathroom with separate vanities, garden tub, walk in shower with seat & large closet. Upstairs you will enjoy entertaining family & friends in the game room & spacious media room. This home has an oversized garage & is a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$496,821$607,225$552,023

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$2,037
Property Tax -$1,098
Property Insurance -$226
HOA -$92
Property Management Fees -$99
CASH FLOW
$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$552,023

PROJECTED PRICE

$3,710

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,286

INVESTMENT

$148,286

Down Payment
$138,006
Rehab Estimate
$2,000
Closing Costs
$8,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,037

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $138,006
Loan Amount $414,017
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$45,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $3,674

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2753$3,6504$3,7105$3,750
$3,750
RENT COMPS ANALYSIS
  • 1204 10th Street Argyle, TX 4
    • 5 beds 3 baths ∙ 3,434 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,434 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.08
    •  
  • 1425 6th Street Argyle, TX 1
    • 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2013
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 224 Lilypad Bend Argyle, TX 2
    • 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.01
    •  
  • 1201 9th Street Argyle, TX 3
    • 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.11
    •  
  • 720 Sunflower Avenue Argyle, TX 5
    • 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467677
Last Updated: 11/07/2020
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