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1733 Post Oak Court Denton, TX 76209

3 Beds 2 Baths 1,516 sqft Built 2015

$255,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $168.21
  • 7 Days on Market
  • MLS # : 14504293
  • Updated Date : 02/04/2021 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Carrico & Associates

Listing Agent's Description

Beautiful 3 bedroom 2 bath corner lot home built in 2015. Great and quiet neighborhood. Open floor plan, carpet and laminate floors. Nice backyard. Livingroom, kitchen and dining are open concept. Home is in a cul-d-sac. 2 car garage with automatic garage door openers. Home is tenant occupied and lease ends 6.30.2021. All information is deemed accurate but is the responsibility of the prospective buyers and buyers' agent to verify all information including schools and measurements.

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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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$886
Property Tax -$507
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$47

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.

$255,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.61%

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,664

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,6254$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 1733 Post Oak Court Denton, TX 2
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.03
    •  
  • 1913 Lee Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1996
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 2229 Lattimore Street Denton, TX 3
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1995
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.09
    •  
  • 1705 Post Oak Court Denton, TX 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2015
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 1732 Post Oak Court Denton, TX 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2015
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Marla Carrico
Carrico & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504293
Last Updated: 02/04/2021
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