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1409 Eufemia Drive Denton, TX 76207

3 Beds 2 Baths 1,564 sqft Built 2003

$239,500

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.13
  • 10 Days on Market
  • MLS # : 14474682
  • Updated Date : 11/25/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northpointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k247k

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

Neighborhood: Northpointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8041769

* 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
Evers Park Elementary School Primary Regular 546 44 5
Calhoun Middle School Middle Regular 684 54 4
Denton High School High Regular 2,166 140 6

Evers Park Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 44
5
GreatSchools Rating

Calhoun Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 54
4
GreatSchools Rating

Denton High School

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

$215,550$263,450$239,500

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$884
Property Tax -$476
Property Insurance -$118
HOA -$4
Property Management Fees -$99
CASH FLOW
-$110

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.

$239,500

PROJECTED PRICE

$1,470

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$884

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,5954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 1409 Eufemia Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.94
    •  
  • 1405 Carrigan Lane Denton, TX 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2004
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 1405 Eufemia Drive Denton, TX 3
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2004
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 1429 Eufemia Drive Denton, TX 4
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2006
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.00
    •  
  • 905 Meadowedge Lane Denton, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2012
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carrie Oakley
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474682
Last Updated: 11/25/2020
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