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2305 Bray Village Drive Denton, TX 76207

4 Beds 3 Baths 2,335 sqft Built 2013

$250,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $107.07
  • 2 Days on Market
  • MLS # : 14467514
  • Updated Date : 11/07/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,335 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous and well maintained 2013 built home! 2 story, 4 bedrooms, 2 and a half bathrooms with beautiful front exterior cedar shake details and a large covered front porch! Spacious open eat in kitchen that flows into an oversized living and dining area! Additional upstairs living space and very well sized master and guest bedrooms. Master bath has large garden tub and separate shower! Large backyard backing up to a greenbelt space with an awesome covered patio! Sleek vinyl planks laid throughout the downstairs living, dining, traffic areas, stairs and upstairs living and traffic areas. Mins from 35E, 35W, Loop 288 highway access, shopping and entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Windsor Farms

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $109k251k

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

Neighborhood: Windsor Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8191769

* 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
Evers Park Elementary School Primary Regular 546 44 5
Calhoun Middle School Middle Regular 684 54 4
Denton High School High Regular 2,166 140 6

Evers Park Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 44
5
GreatSchools Rating

Calhoun Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 54
4
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$922
Property Tax -$497
Property Insurance -$162
HOA -$10
Property Management Fees -$99
CASH FLOW
$289

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.

$250,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.79%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$43,283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,985

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$1,9804$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2305 Bray Village Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.85
    •  
  • 2321 Lookout Lane Denton, TX 1
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 2301 Lookout Lane Denton, TX 2
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2000
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 2208 Overlook Lane Denton, TX 4
    • 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2001
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 2336 Northway Denton, TX 5
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2002
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Michael Osborne
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467514
Last Updated: 11/07/2020
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