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2700 Crater Lake Lane Denton, TX 76210

4 Beds 3 Baths 2,861 sqft Built 2000

$329,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
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

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

Neighborhood: Wind River Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $115k274k

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

Neighborhood: Wind River Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701999

* 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
Houston Elementary School Primary Regular 583 43 6
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Houston Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 43
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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

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
$2,100
1$2,1002$2,1753$2,1904$2,1955$2,275
$2,275
RENT COMPS ANALYSIS
  • 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
    property image
    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
    property image
    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
Brian Holt Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499030
Last Updated: 01/14/2021
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