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1608 17th Street Argyle, TX 76226

4 Beds 4 Baths 3,206 sqft Built 2020

$542,352

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $169.17
  • 6 Days on Market
  • MLS # : 14464868
  • Updated Date : 11/03/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,206 sqft
  • Baths : 4 full
Listing Agent

David M. Weekley

Listing Agent's Description

Be the first in Harvest to own this new sprawling one story floor plan with over 3200 sf. Enormous Master Suite with a vaulted ceiling and gorgeous windows looking out onto your backyard oasis. Amazing large gourmet kitchen open to your beautiful family room with high ceilings and windows galore. Enjoy your private media room for a family movie night or romantic evening just the two of you. Three generous sized secondary bedrooms and believe it or not this home has a spectacular 4 car garage! Don't miss out on this beauty, it won't last long. Come see us in the Award winning Harvest Community with ARGYLE ISD! Don't forget to ask about our 1-2-10 year warranty and SAVE BIG with our Energy Saver Program!

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: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$488,117$596,587$542,352

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,001
Property Tax -$1,078
Property Insurance -$212
HOA -$92
Property Management Fees -$99
CASH FLOW
-$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$542,352

PROJECTED PRICE

$3,440

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,723

INVESTMENT

$145,723

Down Payment
$135,588
Rehab Estimate
$2,000
Closing Costs
$8,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,001

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,588
Loan Amount $406,764
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$25,791

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,430

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2753$3,4404$3,6505$3,750
$3,750
RENT COMPS ANALYSIS
  • 1608 17th Street Argyle, TX 3
    • 4 beds 4 baths ∙ 3,206 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,206 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $1.07
    •  
  • 220 Sunrise Drive Argyle, TX 1
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 224 Lilypad Bend Argyle, TX 2
    • 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.01
    •  
  • 1201 9th Street Argyle, TX 4
    • 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.11
    •  
  • 720 Sunflower Avenue Argyle, TX 5
    • 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464868
Last Updated: 11/03/2020
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