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12604 Pumice Lane Denton, TX 76207

3 Beds 4 Baths 2,641 sqft Built 2019

$550,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $208.25
  • 3 Days on Market
  • MLS # : 14540024
  • Updated Date : 03/25/2021 at 22:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,641 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

This is the move-in ready home you have been waiting for! Why wait to build when you can have it all now! Built in 2019 this Larkspur plan has so many upgrades & extras, everything you need! The large kitchen has the most spectacular island perfect for the chef or entertainer. You will love the built-ins in the family room & dry bar with extra cabinets. The oversized den is a great flex space with french doors. The patio provides the perfect amount of shade to be able to sit outside and enjoy. The 3 car garage with automatic attic lift gives you ample space for your vehicles plus decked attic storage. Robson Ranch is a resort style 55+ community for active adults with golf, tennis, pickleball, clubhouse &more

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $115k261k

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

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701907

* 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
Borman Elementary School Primary Regular 458 41 5
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Borman Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 41
5
GreatSchools Rating

Carroll Mcmath Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 55
6
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,910
Property Tax -$1,094
Property Insurance -$180
HOA -$285
Property Management Fees -$99
CASH FLOW
-$948

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.

$550,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,623

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,6204$2,800
$2,800
RENT COMPS ANALYSIS
  • 12604 Pumice Lane Denton, TX 3
    • 3 beds 4 baths ∙ 2,641 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,641 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.99
    •  
  • 10205 Countryside Drive Denton, TX 1
    • 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 2002
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 11404 Ridgedale Court Denton, TX 2
    • 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 8812 Crestview Drive Denton, TX 4
    • 3 beds 4 baths ∙ 2,416 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,416 Sqft ∙ Built 2013
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Frances Bankester
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540024
Last Updated: 03/25/2021
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