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2100 Azalea Street Denton, TX 76205

3 Beds 2 Baths 1,407 sqft Built 1983

$208,337

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $148.07
  • 3 Days on Market
  • MLS # : 14492407
  • Updated Date : 01/01/2021 at 05:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Mersal Realty

Listing Agent's Description

Remodeled three bedroom, two bath brick ranch home with a wood-burning fireplace. Foundation levelled in 2020. New furnace and AC in 2019. Vinyl plank flooring in dining room, foyer and family room. New tile floor in Master bath. Roof replaced in 2014.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$187,503$229,171$208,337

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$769
Property Tax -$414
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$190

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.

$208,337

PROJECTED PRICE

$1,580

PROJECTED RENT

0.76%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,959

INVESTMENT

$60,959

Down Payment
$52,084
Rehab Estimate
$5,750
Closing Costs
$3,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$769

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,084
Loan Amount $156,253
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$30,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,5803$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 2100 Azalea Street Denton, TX 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.12
    •  
  • 1918 Mercedes Road Denton, TX 1
    • 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,221 Sqft ∙ Built 1978
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.17
    •  
  • 2105 Azalea Street Denton, TX 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 2206 Jacqueline Drive Denton, TX 4
    • 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,436 Sqft ∙ Built 1977
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 2104 Leslie Street Denton, TX 5
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
PROPERTY LISTING DETAILS
Steve Trimpe
Mersal Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492407
Last Updated: 01/01/2021
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