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3113 Briary Trace Court Denton, TX 76210

4 Beds 2 Baths 1,467 sqft Built 2000

$225,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $153.37
  • 3 Days on Market
  • MLS # : 14472569
  • Updated Date : 11/21/2020 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,467 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Come check out this move in ready home! 4 spacious bedroom, large family room and backyard has a shed and gazebo with a new fence along the back. Kitchen boasts a farm sink, new back splash and one year old dishwasher. Updated fireplace, faucets and bathroom fixtures. Wireless TV in the family room and ring doorbell at the front door and ring lights over the garage. HVAC just over a year old with phone control and a MAM that transfers with the home. New roof in 2017 and new water heater in 2018.

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: Bent Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k247k

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

Neighborhood: Bent Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411769

* 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
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

W.s. Ryan Elementary School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$830
Property Tax -$447
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$112

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.

$225,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$23,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5954$1,6005$1,775
$1,775
RENT COMPS ANALYSIS
  • 3113 Briary Trace Court Denton, TX 4
    • 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 3109 Kappwood Court Denton, TX 1
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2000
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 3305 Teasbend Court Denton, TX 2
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 1125 Wintercreek Drive Denton, TX 3
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1999
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 3101 Briary Trace Court Denton, TX 5
    • 4 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
PROPERTY LISTING DETAILS
Nancy Brown
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472569
Last Updated: 11/21/2020
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