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1548 Valley Creek Road Denton, TX 76205

3 Beds 3 Baths 2,360 sqft Built 1996

$349,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $148.26
  • 4 Days on Market
  • MLS # : 14526372
  • Updated Date : 03/06/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,360 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

****FABULOUS ONE OF A KIND HOME**** Incredible CUSTOM HOME on a heavily wooded lot. Backs to Greenspace and fronts to CUL DE SAC. Spacious open floor plan. Soaring ceilings in 2 living areas. Split, generous sized bedrooms. One bedroom has a hidden room, behind the shelves for storing valuables, etc.... Both living areas have gas log fireplaces. Luxury kitchen complete with custom cabinets, Bosch dishwasher. Dacor oven, gas cooktop and wine refrigerator. Second living open to kitchen, dining room and gorgeous views of one of two fountains. Fresh paint and carpet. Large utility room with sink.

SEE MORE

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: The Oaks of Township

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $115k304k

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

Neighborhood: The Oaks of Township

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701958

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,215
Property Tax -$696
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$234

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.

$349,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.55%

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-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,112

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9403$2,0004$2,2005$2,275
$2,275
RENT COMPS ANALYSIS
  • 1548 Valley Creek Road Denton, TX 2
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.82
    •  
  • 1108 Guadalupe Place Denton, TX 1
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 1111 Santa Fe Street Denton, TX 3
    • 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
    •  
  • 2128 Savannah Trail Denton, TX 4
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1980
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 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
Kaki Lybbert
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526372
Last Updated: 03/06/2021
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