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1701 White Oak Court Denton, TX 76209

4 Beds 2 Baths 1,710 sqft Built 1980

$245,500

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $143.57
  • 4 Days on Market
  • MLS # : 14474512
  • Updated Date : 11/27/2020 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Re/max Prestige

Listing Agent's Description

This Charming home sits in a quiet cul de sac in the heart of Denton, close to the Denton Square. Not only is it one of the larger homes in the neighborhood with 4 bedrooms and a huge converted gameroom, it's also been tastefully updated. A large back covered patio, with 9 x 11 storage building, all new sod front yard and back. 2020 updates: new counter-tops, sink, fixtures and painted cabinets in the kitchen. Bathrooms got all new tile, vanities, faucets and toilets. New roof in September 2020. All new light fixtures and several ceiling fans. Tile floors were cleaned and resealed, carpet cleaned. Inside the walls were all re-textured and painted, outside was painted and replaced or repaired all soffits.

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: Meadow Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k247k

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

Neighborhood: Meadow Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7121769

* 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
Lee Elementary School Primary Regular 619 43 6
Calhoun Middle School Middle Regular 684 54 4
John H. Guyer High School High Regular 2,395 162 8

Lee Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 43
6
GreatSchools Rating

Calhoun Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 54
4
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$220,950$270,050$245,500

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$906
Property Tax -$488
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$19

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.

$245,500

PROJECTED PRICE

$1,600

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,808

INVESTMENT

$70,808

Down Payment
$61,375
Rehab Estimate
$5,750
Closing Costs
$3,683

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$906

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,375
Loan Amount $184,125
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 1701 White Oak Court Denton, TX 5
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 1120 Autumn Oak Drive Denton, TX 1
    • 4 beds 2 baths ∙ 1,379 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,379 Sqft ∙ Built 1976
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 514 Campbell Lane Denton, TX 2
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1960
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 2114 Robinwood Lane Denton, TX 3
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1977
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 2508 Whispering Oaks Denton, TX 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1996
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Cheianne Tarrant
Re/max Prestige
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474512
Last Updated: 11/27/2020
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