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3105 Tamarack Lane Denton, TX 76226

4 Beds 3 Baths 2,737 sqft Built 2014

$329,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $120.53
  • 3 Days on Market
  • MLS # : 14504257
  • Updated Date : 01/30/2021 at 22:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,737 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful home sitting on an over sized lot in the Argyle ISD. Granite counter tops through out the entire home. This home has a flex room that could be a bedroom or an office. Open floor concept for great family entertaining. Walk in pantry is huge. This back yard is the largest in the neighborhood..

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Hilltop Elementary School Primary Regular 710 47 7
Argyle Middle School Middle Regular 347 21 7
Argyle High School High Regular 711 50 8

Hilltop Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 47
7
GreatSchools Rating

Argyle Middle School

  • Education Level: Middle
  • # of students: 347
  • # of teachers: 21
7
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,146
Property Tax -$656
Property Insurance -$185
HOA -$23
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 15% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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

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

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 60% 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

3.5

YEARS SAVED

$10,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3105 Tamarack Lane Denton, TX 2
    • 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 3104 Pinehurst Court Denton, TX 1
    • 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2001
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 3405 Buckthorn Lane Denton, TX 3
    • 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2010
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 4712 Shagbark Drive Denton, TX 4
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 4505 Hidden Meadows Trail Denton, TX 5
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2013
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Monica Garcia
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504257
Last Updated: 01/30/2021
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