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1933 Canyon Court Denton, TX 76205

3 Beds 3 Baths 2,256 sqft Built 2003

$369,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $163.96
  • 4 Days on Market
  • MLS # : 14538222
  • Updated Date : 03/27/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Four Corners

Listing Agent's Description

Charming single-story 3bed, 3bath home with 3car garage plus permanent shed on quiet cul-de-sac. Meticulously maintained and move-in ready. Enjoy a formal dining, dedicated office, generous kitchen with loads of storage and work space, bright living room with gas fireplace and built-ins. Fabulous enclosed sunroom for year-round enjoyment with ventable skylights. New roof in 2021, new 8’ wood fence coming, extended driveway for additional off-street parking. Gorgeous yard loaded with perennials, fruit & pecan trees, and loads of yard space. No HOA! Call today for a private showing, this one will go fast!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: The Oaks of Township

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $115k304k

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

Neighborhood: The Oaks of Township

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701958

* 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
Rivera Elementary School Primary Regular 634 49 5
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Rivera Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 49
5
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,285
Property Tax -$735
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
-$337

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.

$369,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,963

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8753$1,9404$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1933 Canyon Court Denton, TX 3
    • 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.86
    •  
  • 1108 Guadalupe Place Denton, TX 1
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 809 Sandpiper Drive Denton, TX 2
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1985
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.89
    •  
  • 1113 Chapel Drive Denton, TX 4
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 1111 Santa Fe Street Denton, TX 5
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Hannah Gigley
Re/max Four Corners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538222
Last Updated: 03/27/2021
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