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2120 Renaissance Drive Denison, TX 75020

3 Beds 2 Baths 1,758 sqft Built 2001

$249,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $141.64
  • 2 Days on Market
  • MLS # : 14496116
  • Updated Date : 01/10/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 2 full
Listing Agent

Era Steve Cook & Co, Realtors®

Listing Agent's Description

Brick home in great neighborhood. Large fenced back yard, Concrete patio, new carpet in bedrooms 30 days ago, ceramic tile in remainder, Master suite is separated from other two bedrooms, Conveniently located, less than 5 minutes to US Hwy 75, about 15 minutes to Denison Walmart and restaurants. Less than 20 minutes to Texoma Medical Center Hospital, about five minutes from Denison Fire Department and Ambulance Service. Come see the best value availabe....

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

Zip Code: 75020

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $57k168k

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

Zip Code: 75020

No Data Available.

* 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
Hyde Park Elementary School Primary Regular 396 24 6
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Hyde Park Elementary School

  • Education Level: Primary
  • # of students: 396
  • # of teachers: 24
6
GreatSchools Rating

B Mcdaniel Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 48
5
GreatSchools Rating

Denison High School

  • Education Level: High
  • # of students: 1,243
  • # of teachers: 99
5
GreatSchools Rating
 

$224,100$273,900$249,000

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 -$865
Property Tax -$571
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
-$78

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.

$249,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,548

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
  • $0.9

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,6004$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2120 Renaissance Drive Denison, TX 1
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.90
    •  
  • 2405 S Park Avenue Denison, TX 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2003
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 1818 Woodland Park Drive Denison, TX 3
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2010
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 2104 Renaissance Drive Denison, TX 4
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 2506 Renaissance Circle Denison, TX 5
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Steve Cook
Era Steve Cook & Co, Realtors®
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496116
Last Updated: 01/10/2021
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