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

2904 Englefield Green Denton, TX 76207

3 Beds 2 Baths 1,469 sqft Built 2010

$248,250

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $168.99
  • 4 Days on Market
  • MLS # : 14518940
  • Updated Date : 02/19/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,469 sqft
  • Baths : 2 full
Listing Agent

Tierra Real Estate

Listing Agent's Description

Beautiful, move-in ready 3 bedroom, 2 bath home in Windsor Farms. Walking distance to North Lakes Park. Close to Rayzor Ranch retail. House is very clean and shows well. Open layout with large rooms nice front and back covered patios with fenced backyard. Master suite features dual sinks, separate tub and shower, and spacious walk-in closet. Showings will start Saturday the 20th. Call To Schedule Private Showing Today 940-768-8999!

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: 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
 

$223,425$273,075$248,250

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$862
Property Tax -$494
Property Insurance -$112
HOA -$10
Property Management Fees -$99
CASH FLOW
-$97

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.

$248,250

PROJECTED PRICE

$1,480

PROJECTED RENT

0.60%

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$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

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$71,536

INVESTMENT

$71,536

Down Payment
$62,063
Rehab Estimate
$5,750
Closing Costs
$3,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$862

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,063
Loan Amount $186,188
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,6754$1,6995$1,795
$1,795
RENT COMPS ANALYSIS
  • 2904 Englefield Green Denton, TX 1
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.01
    •  
  • 2301 Southway Denton, TX 2
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2000
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 2217 Lookout Lane Denton, TX 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2000
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.04
    •  
  • 2209 Lookout Lane Denton, TX 4
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2000
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.07
    •  
  • 2605 Bauer Drive Denton, TX 5
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1991
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
PROPERTY LISTING DETAILS
Christy Johns
Tierra Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518940
Last Updated: 02/19/2021
BESbswy