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1912 Highland Park Circle Denton, TX 76205

3 Beds 2 Baths 1,903 sqft Built 1984

$299,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $157.12
  • 1 Days on Market
  • MLS # : 14464083
  • Updated Date : 11/02/2020 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Susan Griffin

Listing Agent's Description

Gorgeous 3 bedroom 2 bath Tudor home with a newly refinished pool located on a private cul-de-sac close to the award winning University of North Texas. Open floor plan with walls of windows looking out to the pool. Vaulted ceilings in the entry & master bed & bath Master bath features oversized marble spa tub & separate shower. Plantation shutters, gas or wood burning fireplace, central vac, instant hot water, sprinklers, attached 2 car garage. Denton is ranked one of the best places to live with a charming historic town square.Booming with new developments & job opportunities projected to grow to over 200,000 residences by 2030 & touted as the new tech hub. Denton has 36 parks,30 miles of trails, 6 recreation

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

Neighborhood: Denia

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $90k247k

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

Neighborhood: Denia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7661769

* 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
Borman Elementary School Primary Regular 458 41 5
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Borman Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 41
5
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,103
Property Tax -$595
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$114

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.

$299,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.2%
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-$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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,022

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,8004$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 1912 Highland Park Circle Denton, TX 4
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.96
    •  
  • 1815 Wisteria Street Denton, TX 1
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1984
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 1415 Oakwood Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1965
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 201 Goodson Way Denton, TX 3
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
    property image
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 1907 Whippoorwill Lane Denton, TX 5
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1985
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
PROPERTY LISTING DETAILS
Susan Griffin
Susan Griffin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464083
Last Updated: 11/02/2020
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