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1404 Vista Verde Street Denton, TX 76210

4 Beds 3 Baths 2,503 sqft Built 2000

$320,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $127.85
  • 2 Days on Market
  • MLS # : 14496409
  • Updated Date : 01/08/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

New on the market! Must see this much sought after single story home in the Oaks of Montecito. Great curb appeal with a circular driveway to greet your guests. Light, bright with a very flexible floorplan. 4 bedroom, 3 bath plus a study that could easily be a 5th bedroom or additional living area. Nice sized covered area, mature trees and huge backyard deck make your entertaining a snap. Showings start at the public open house on Sunday, January 10th at 2:00 P.M. weather permitting. Bring your pickiest buyers because this immaculate home won’t last long.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Oaks of Montecito

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Neighborhood: Oaks of Montecito

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
Mcnair Elementary School Primary Regular 573 41 7
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

Mcnair Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 41
7
GreatSchools Rating

Crownover Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 59
8
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,111
Property Tax -$636
Property Insurance -$172
Property Management Fees -$99
CASH FLOW
$71

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.

$320,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9004$1,9755$2,090
$2,090
RENT COMPS ANALYSIS
  • 1404 Vista Verde Street Denton, TX 5
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.83
    •  
  • 2800 Desert Drive Denton, TX 1
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
  • 2005 Del Mar Court Denton, TX 2
    • 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2005
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 2801 Saddle Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 8320 Seven Oaks Lane Denton, TX 4
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2000
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kimberly Miller
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496409
Last Updated: 01/08/2021
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