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2205 Skysail Lane Denton, TX 76210

4 Beds 3 Baths 2,743 sqft Built 2016

$349,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $127.56
  • 2 Days on Market
  • MLS # : 14493382
  • Updated Date : 01/09/2021 at 11:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,743 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

This 2016 4BR, plus office, 3Bath home is spacious and ready to call home! From the moment you walk through the door you are welcomed by a beautiful entry that leads you into the spacious kitchen that is complete with a gas cooktop, a large walk in pantry, ample cabinet space, a large granite island & SS appliances! Picture yourself enjoying a nice dinner in the open dining space full of natural light! These blustery winter nights will be more enjoyable in the spacious living area with a beautiful decorative gas log burning fireplace! The master BR is located on the first floor and is spacious and inviting! Upstairs you'll find the 2nd living area as well as a BR and bath! Great for family or visiting friends.

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: 76210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Zip Code: 76210

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
W.s. Ryan Elementary School Primary Regular 588 44 6
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

W.s. Ryan Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 44
6
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,215
Property Tax -$696
Property Insurance -$186
HOA -$38
Property Management Fees -$99
CASH FLOW
-$73

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,092

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1003$2,1604$2,1755$2,395
$2,395
RENT COMPS ANALYSIS
  • 2205 Skysail Lane Denton, TX 3
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.79
    •  
  • 2005 Del Mar Court Denton, TX 1
    • 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2005
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 2521 Great Bear Lane Denton, TX 2
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 2800 Clubhouse Drive Denton, TX 4
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.79
    •  
  • 3505 Montecito Drive Denton, TX 5
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Missy Phipps
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493382
Last Updated: 01/09/2021
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