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1505 Angelina Bend Drive Denton, TX 76205

3 Beds 2 Baths 1,752 sqft Built 1983

$275,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $156.96
  • 3 Days on Market
  • MLS # : 14466035
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Outdoor living space galore! Enjoy the beautifully landscaped front yard or the peaceful backyard while sitting on the deck overlooking the large grassy yard with private gate access to greenbelt & nature trails! This amazing home is on the corner of a cul-de-sac in the back of the conveniently located Township II neighborhood with no HOA! Home is updated throughout! Kitchen and both bathrooms recently updated with granite countertops and much more! Other updates: windows with warranty, HVAC with smart thermostat (2014) roof, water heater, soaker system installed under deck, ceiling fans and epoxy garage floor (2018.) Fridge in kitchen conveys. Seller offering $5000 allowance to remove popcorn ceiling!

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: 76205

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k248k

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

Zip Code: 76205

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8461821

* 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
Rivera Elementary School Primary Regular 634 49 5
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Rivera Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 49
5
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,015
Property Tax -$547
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$179

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.

$275,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,6955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1505 Angelina Bend Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.92
    •  
  • 1404 San Gabriel Drive Denton, TX 1
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 1984
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 1504 Kenwood Street Denton, TX 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1987
    property image
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 1904 Cavender Circle Denton, TX 4
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 1501 Timberidge Street Denton, TX 5
    • 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kristen Caswell
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466035
Last Updated: 11/06/2020
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