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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $115.31
- 4 Days on Market
- MLS # : 14499030
- Updated Date : 01/14/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,861 sqft
- Baths : 3 full
Listing Agent
Brian Holt Realty
Listing Agent's Description
Best location in sought-after Wind River! Backs up to lake. Spectacular views. Oversized Cul-de-sac lot. Vaulted ceiling. Tons of natural lighting makes this a plant lovers paradise! Updated Kitchen and Bathrooms. Wood floors. Granite counters. Master has separate shower and garden tub. 4 beds, 3 full baths. Master and 2 beds up. Downstairs Bedroom and full bath located next to each other is perfect for guests. Gas cooking. Gas fireplace. Backyard Patio for enjoying the peaceful views of the lake. HOA includes jogging-walking trails, fishing privileges and swimming pool. Garage has a work bench. Convenient to shopping, dining, entertainment and 35. Virtual tour available.
SEE MORE
- # 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: Wind River Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wind River Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$656 | |
| Property Insurance | -$193 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$44
|
||
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.
$329,900
PROJECTED PRICE
$2,190
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
5
YEARS SAVED
$17,041
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,203
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
2700 Crater Lake Lane Denton, TX 3
- 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,190
- $0.77
-
2521 Great Bear Lane Denton, TX 1
- 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001
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LEASED 03/03/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
2800 Clubhouse Drive Denton, TX 2
- 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006
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LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,175
- $0.79
-
3109 Waterton Circle Denton, TX 4
- 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2003
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,195
- $0.75
-
1708 Lynhurst Lane Denton, TX 5
- 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1998
![property image]()
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,275
- $0.82
PROPERTY LISTING DETAILS
Brian Holt Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499030
Last Updated: 01/14/2021
