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1204 8th Street Argyle, TX 76226

4 Beds 3 Baths 2,944 sqft Built 2017

$379,900

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $129.04
  • 6 Days on Market
  • MLS # : 14457689
  • Updated Date : 11/06/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,944 sqft
  • Baths : 3 full
Listing Agent

Re/max Lifestyle Property

Listing Agent's Description

Gorgeous Highland home in award winning Harvest Community. Fabulous open floor plan with wonderful upgrades. Shows like a model with Plantation Shutters in all rooms. This spacious, open floor plan has a great flow for family or entertaining. Hardwood floors in common areas, Study, soaring ceilings, stone fireplace, split bedroom design, with MBR and guest BR downstairs, 2 up, with game room and media room. The extended covered patio overlooks the spacious fenced, pool-sized backyard. Beautiful home in brand new Argyle West Elementary, in desirable Argyle ISD.Convenient to Denton, Dallas, Fort Worth. HOA includes basic cable & internet. Awesome Community Amenities for the entire family!

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,402
Property Tax -$943
Property Insurance -$197
HOA -$92
Property Management Fees -$99
CASH FLOW
$137

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$379,900

PROJECTED PRICE

$2,870

PROJECTED RENT

0.76%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$29,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,018

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8703$3,2004$3,2005$3,650
$3,650
RENT COMPS ANALYSIS
  • 1204 8th Street Argyle, TX 2
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.97
    •  
  • 109 Oakmont Drive Northlake, TX 1
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
  • 1425 6th Street Argyle, TX 3
    • 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
    •  
  • 220 Sunrise Drive Argyle, TX 4
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 1201 9th Street Argyle, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jollete Ryon
Re/max Lifestyle Property
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14457689
Last Updated: 11/06/2020
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