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304 Doe Creek Trail Denton, TX 76210

4 Beds 3 Baths 2,507 sqft Built 2018

$313,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $124.85
  • 4 Days on Market
  • MLS # : 14473101
  • Updated Date : 11/19/2020 at 21:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,507 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Four Corners

Listing Agent's Description

Are you looking for more space? Well this home has plenty. Imagine sitting on your front porch enjoying your morning coffee and relaxing before you take on the day. You can work from home easily in your private study, and enjoy the view of the neighborhood instead of a boring wall. Or if you like to sit outside and enjoy the fresh air, the back patio on this home is the perfect spot for that! Upstairs you have 3 bedrooms and a full bath along with a game room. Everyone will have their own space. After a long day you can gather around the dining table and enjoy a meal cooked in the open and spacious kitchen, but not before they wash their hands with the touch free sensor water faucet! Welcome Home

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

Zip Code: 76210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Zip Code: 76210

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
W.s. Ryan Elementary School Primary Regular 588 44 6
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

W.s. Ryan Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 44
6
GreatSchools Rating

Crownover Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 59
8
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$281,700$344,300$313,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,155
Property Tax -$622
Property Insurance -$172
HOA -$25
Property Management Fees -$99
CASH FLOW
-$73

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.

$313,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.64%

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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,695

INVESTMENT

$88,695

Down Payment
$78,250
Rehab Estimate
$5,750
Closing Costs
$4,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,155

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,250
Loan Amount $234,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9953$2,0004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 304 Doe Creek Trail Denton, TX 3
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 7601 Sunburst Trail Denton, TX 1
    • 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2001
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
  • 3205 Pinehurst Court Denton, TX 2
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2000
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 4520 Eaglestone Way Denton, TX 4
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 300 Lemon Mint Lane Denton, TX 5
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 2018
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mindi Rutledge
Re/max Four Corners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473101
Last Updated: 11/19/2020
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