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1704 Moonsail Lane Denton, TX 76210

3 Beds 2 Baths 2,033 sqft Built 2018

$329,999

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $162.32
  • 1 Days on Market
  • MLS # : 14469339
  • Updated Date : 11/14/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,033 sqft
  • Baths : 2 full
Listing Agent

Social Realty, Llc

Listing Agent's Description

Welcome home. This immaculate and almost new home on a large corner lot is ready for you to move in and call it home. Light and bright entry leads you to the expansive kitchen and family room that are open and inviting.  Kitchen has all the upgrades you could want with glass patterned backsplash, coffee bar and huge furniture styled island.  Generous sized study could be a fourth bedroom. The master suite is private and split from the other rooms giving you the perfect place to relax and unwind. The spa-like bath has a garden tub, walk-in shower and large closet. The custom arbor-shade over the extended patio makes the perfect entertaining spot. Upgrades and Updates galore make this home truly one of a kind.

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: 76210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Zip Code: 76210

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
Houston Elementary School Primary Regular 583 43 6
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Houston Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 43
6
GreatSchools Rating

Carroll Mcmath Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 55
6
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$296,999$362,999$329,999

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,218
Property Tax -$656
Property Insurance -$145
HOA -$38
Property Management Fees -$99
CASH FLOW
-$205

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.

$329,999

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,499
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9904$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1704 Moonsail Lane Denton, TX 2
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 3308 Monte Carlo Lane Denton, TX 1
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2019
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 2112 Skysail Lane Denton, TX 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2018
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.98
    •  
  • 3620 Helm Lane Denton, TX 4
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2018
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 3816 Gennaker Drive Denton, TX 5
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2016
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chad Carlson
Social Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469339
Last Updated: 11/14/2020
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