Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2516 Bowling Green Denton, TX 76201

3 Beds 2 Baths 1,748 sqft Built 1981

$279,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $160.13
  • 3 Days on Market
  • MLS # : 14477439
  • Updated Date : 11/27/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

You will be impressed by this lovely home! Situated on a large lot steps away from North Lakes Park! Pride in ownership is evident from the moment you drive up! Great kitchen upgrade with birch cabinets, stainless steel appliances, bamboo flooring, gas cooking, granite countertops and lots of storage! Both baths have also had a makeover with new cabinets, granite tops, walk-in shower in guest bath and jetted tub in master! Large open family room with beamed ceiling and gas log fireplace! Out back you will enjoy the covered patio, Morgan building for storage, greenhouse for the gardener, raised beds for veggies and much more! Walk out your back gate for a stroll along the walking paths at the park!

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

Neighborhood: North Lake Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k247k

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

Neighborhood: North Lake Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611769

* 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
N. Rayzor Elementary School Primary Regular 651 48 5
Calhoun Middle School Middle Regular 684 54 4
Denton High School High Regular 2,166 140 6

N. Rayzor Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 48
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,033
Property Tax -$557
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$126

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.

$279,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,6904$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 2516 Bowling Green Denton, TX 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.97
    •  
  • 2401 Bowling Green Street Denton, TX 1
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1974
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 2110 N Lake Trail Denton, TX 2
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1984
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 2029 Georgetown Drive Denton, TX 4
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1970
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.05
    •  
  • 1925 Parkside Drive Denton, TX 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1985
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Laura Brewer
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477439
Last Updated: 11/27/2020
BESbswy