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312 W Heron Street Denison, TX 75020

3 Beds 2 Baths 1,125 sqft Built 2021

$180,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $160.00
  • 3 Days on Market
  • MLS # : 14522932
  • Updated Date : 02/26/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,125 sqft
  • Baths : 2 full
Listing Agent

Re/max Signature Properties

Listing Agent's Description

Energy efficient 3 bedroom, 2 bathroom brick home in Denison recently completed and ready for a buyer! Vinyl plank flooring and recessed lighting throughout the home. Kitchen offers stainless steel appliances, including a refrigerator, and granite countertops. Master bedroom is separate from the secondary bedrooms. Fenced-in backyard. Come take a look today!

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: 75020

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $57k168k

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

Zip Code: 75020

No Data Available.

* 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
Golden Rule Elementary School Primary Regular NA
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Golden Rule Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B Mcdaniel Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 48
5
GreatSchools Rating

Denison High School

  • Education Level: High
  • # of students: 1,243
  • # of teachers: 99
5
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$625
Property Tax -$413
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
$25

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$180,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,700

INVESTMENT

$49,700

Down Payment
$45,000
Rehab Estimate
$2,000
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$5,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,249

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,3504$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 312 W Heron Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.11
    •  
  • 401 W Monterey Street Denison, TX 2
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 2019
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.08
    •  
  • 419 W Monterey Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2020
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 211 W Murray Street Denison, TX 4
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.10
    •  
  • 514 W Hull Street Denison, TX 5
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2020
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
PROPERTY LISTING DETAILS
Evan Martin
Re/max Signature Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522932
Last Updated: 02/26/2021
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