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1520 San Gabriel Denton, TX 76205

3 Beds 2 Baths 2,433 sqft Built 1983

$305,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $125.36
  • 2 Days on Market
  • MLS # : 14493094
  • Updated Date : 01/02/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,433 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This incredible home has great curb appeal and space for everyone. The best of both worlds - Updated inside AND out, located in quiet Denton neighborhood with wide roads and established trees! Fall in love with the white washed brick, cedar accents, and barn doors! Bright entry leads to vaulted living room and formal dining. Rich hardwoods throughout living areas and owner's bedroom. Gorgeous kitchen and bathrooms- all with new slow close cabinets, granite countertops, new tile and fixtures. Owners en suite has double sinks, decorative tile, HUGE shower and claw foot tub. Private backyard features extended stained concrete patio, new sod, shed, & chicken coop. Access to highways, shopping & more. Do not wait!

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

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,125
Property Tax -$606
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$119

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.

$305,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.62%

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$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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$8,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8803$2,0004$2,0005$2,275
$2,275
RENT COMPS ANALYSIS
  • 1520 San Gabriel Denton, TX 2
    • 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,433 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.77
    •  
  • 1156 Bent Oaks Drive Denton, TX 1
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1998
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 1113 Chapel Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 1111 Santa Fe Street Denton, TX 4
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2209 Hollyhill Lane Denton, TX 5
    • 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 1979
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.88
    •  
PROPERTY LISTING DETAILS
James Bradshaw
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493094
Last Updated: 01/02/2021
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