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

2917 Bella Lago Drive Denton, TX 76210

3 Beds 2 Baths 2,008 sqft Built 2014

$361,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $179.78
  • 4 Days on Market
  • MLS # : 14471103
  • Updated Date : 11/20/2020 at 08:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Bella Casa! 1-story 3 BR+Study,2Bath home on premium greenbelt lot in Tuscan Hills gated community! Lush landscape & inviting front porch! Wood floors, plantation shutters & many upgrades! Study features board&batten paneling. Dining-Library perfect for holiday entertaining! Open Kitchn has walnut butcher block island,granite counters,SS appls,subway tile backsplash & gas cooktop. Dual sinks in each bath. Luxe principal BR w wlkin closet & ovrszd shower. Family Rm w stone FP & reclaimed wood accent wall. French door opens to expanded flagstone patio w pergola,relaxing water feature & BEAUTIFULLY landscaped yard! Lighted flagstone steps lead to greenbelt-perfect for dog walking! Low-maintenance secure lifestyle!

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: Tuscan Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $115k402k

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

Neighborhood: Tuscan Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8702222

* 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
L.a. Nelson Elementary School Primary Regular 655 43 7
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

L.a. Nelson Elementary School

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 43
7
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
 

$324,900$397,100$361,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,332
Property Tax -$718
Property Insurance -$143
HOA -$150
Property Management Fees -$99
CASH FLOW
-$532

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$361,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$101,415

INVESTMENT

$101,415

Down Payment
$90,250
Rehab Estimate
$5,750
Closing Costs
$5,415

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,332

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,250
Loan Amount $270,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,943

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8954$1,9005$1,910
$1,910
RENT COMPS ANALYSIS
  • 2917 Bella Lago Drive Denton, TX 5
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.95
    •  
  • 2600 Arabian Avenue Denton, TX 1
    • 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,837 Sqft ∙ Built 2004
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 2717 Pinto Drive Denton, TX 2
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 3312 Sombrero Drive Denton, TX 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2013
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
  • 2509 Kariba Lane Denton, TX 4
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1999
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jason Clay Haugen
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471103
Last Updated: 11/20/2020
BESbswy