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207 Goodson Way Denton, TX 76207

3 Beds 3 Baths 2,381 sqft Built 2009

$539,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $226.38
  • 2 Days on Market
  • MLS # : 14514594
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,381 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Custom built home with all the extras on 1 acre. This rare find has country feel with city amenities. Enjoy entertaining family and friends in the open floorplan or sitting by the wbfp out on the covered patio watching the sunset. The beautiful kitchen has granite countertops, large bar, gas cooktop, and walk in pantry and it opens up to the large living area with fireplace with gas logs. The attic has foam insulation which keeps the utility cost down during hot Texas summers and cold winters. The study could also be used as a 4th bedroom because it has a closet.

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

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $115k261k

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

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701907

* 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
 

$485,100$592,900$539,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,872
Property Tax -$1,072
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
-$1,358

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.

$539,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.6%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,8004$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 207 Goodson Way Denton, TX 4
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 4717 Napa Valley Drive Denton, TX 1
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2003
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 3321 Teasbend Court Denton, TX 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2001
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 4212 Sonoma Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2002
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 3228 Stonecrop Trail Denton, TX 5
    • 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2008
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
PROPERTY LISTING DETAILS
Wayla Lyles
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514594
Last Updated: 02/06/2021
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