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1512 Santos Drive Denton, TX 76207

3 Beds 3 Baths 2,593 sqft Built 2002

$325,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $125.34
  • 4 Days on Market
  • MLS # : 14498280
  • Updated Date : 01/17/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Brokerage Residential Llc

Listing Agent's Description

Thoughtfully remodeled throughout, this spacious Northpointe find will keep you impressed with its custom upgraded features, and floorplan designed for today's lifestyles. Spread out with 3 flexible interior living spaces and gather together in your picture perfect kitchen. Retreat to the enormous upstairs primary suite featuring two walk-in closets, seating area, and workspace. Feel rejuvenated after a soak in the free standing tub or take an energizing shower in your spa-inspired bath. Escape outside and entertain under the extended covered patio, plumbed and ready for your outdoor kitchen. Energy efficient windows throughout. Online 3D tour available.

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: 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,129
Property Tax -$646
Property Insurance -$177
HOA -$3
Property Management Fees -$99
CASH FLOW
-$154

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.

$325,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,094

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,8954$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1512 Santos Drive Denton, TX 4
    • 3 beds 3 baths ∙ 2,593 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,593 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 4909 Beaver Creek Avenue Denton, TX 1
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2018
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 4808 W Merchant Trail Denton, TX 2
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2020
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 2321 Lookout Lane Denton, TX 3
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 1405 Constantina Drive Denton, TX 5
    • 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tara Anthony
The Brokerage Residential Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498280
Last Updated: 01/17/2021
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