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

3112 Lakeview Boulevard Denton, TX 76208

4 Beds 4 Baths 2,845 sqft Built 2017

$399,990

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $140.59
  • 4 Days on Market
  • MLS # : 14473350
  • Updated Date : 11/19/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,845 sqft
  • Baths : 2 full , 2 half
Listing Agent

Robinson Team Real Estate, Llc

Listing Agent's Description

Shows like a model home! Gorgeous home and amazing community! After being greeted by an upgraded front door with iron detail, you will notice loads of space featuring 5 bedrooms or 4 beds and office plus a 3 car garage! Beautiful kitchen with SS appliances and SS vent hood over gas cook top! Crisp white kitchen cabinets with huge contrasting island. Butlers pantry off dining room with a fantastic view! Engineered wood floors in the heart of this open, bright and cheery home! Plenty of space in the second floor game room along with 3 huge bedrooms! Enjoy your back yard from the covered patio! You'll also have the opportunity to enjoy the many amenities that The Preserve at Pecan Creek has to offer!

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: 76208

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $115k276k

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

Zip Code: 76208

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701937

* 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
Pecan Creek Elementary School Primary Regular 693 48 7
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Pecan Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 48
7
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

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

$359,991$439,989$399,990

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,476
Property Tax -$795
Property Insurance -$192
HOA -$39
Property Management Fees -$99
CASH FLOW
-$490

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.

$399,990

PROJECTED PRICE

$2,110

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$1,9954$1,9955$2,110
$2,110
RENT COMPS ANALYSIS
  • 3112 Lakeview Boulevard Denton, TX 5
    • 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.74
    •  
  • 3512 Monte Verde Way Denton, TX 1
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2008
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 5312 Sea Cove Lane Denton, TX 2
    • 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,617 Sqft ∙ Built 2016
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 4509 Indian Paint Way Denton, TX 3
    • 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2007
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 5400 Sea Cove Lane Denton, TX 4
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2016
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Cody Robinson
Robinson Team Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473350
Last Updated: 11/19/2020
BESbswy