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2720 Silver Sage Drive Denton, TX 76209

3 Beds 2 Baths 1,651 sqft Built 2013

$276,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $167.17
  • 6 Days on Market
  • MLS # : 14468560
  • Updated Date : 11/10/2020 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,651 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Lovely home in Denton ISD with 3 bedrooms, 2 bathrooms ready to move-in! Kitchen is open to living area and has granite countertop breakfast bar. New roof, new gutters and new laminated floor replaced in 2020. New paint. Back covered porch. Refrigerator stays with the house. Do not miss this one!

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: Bellaire Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k247k

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

Neighborhood: Bellaire Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7511769

* 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
Lee Elementary School Primary Regular 619 43 6
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Lee Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 43
6
GreatSchools Rating

Strickland Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 65
5
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$248,400$303,600$276,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,018
Property Tax -$549
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
-$59

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.

$276,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,890

INVESTMENT

$78,890

Down Payment
$69,000
Rehab Estimate
$5,750
Closing Costs
$4,140

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,000
Loan Amount $207,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,049

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7304$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2720 Silver Sage Drive Denton, TX 3
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.05
    •  
  • 2725 Aspenhill Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2013
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 2508 Whispering Oaks Denton, TX 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1996
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 813 Oak Valley Denton, TX 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2016
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 137 Joshua Street Denton, TX 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2013
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
PROPERTY LISTING DETAILS
Amy Ngo
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468560
Last Updated: 11/10/2020
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