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3129 Bent Creek Drive Denton, TX 76210

4 Beds 3 Baths 2,105 sqft Built 2000

INVESTimate

$245,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$271,877  ( +10.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $116.39
  • 5 Days on Market
  • MLS # : 14419111
  • Updated Date : 08/23/2020 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,105 sqft
  • Baths : 2 full , 1 half
Listing Agent

Power House Real Estate

Listing Agent's Description

Perfect family home with 4 bedrooms 2 and a half baths on a corner lot. Ideal home for a family or students attending North Texas! Large back yard with endless possibilities. Shopping and entertainment near by.

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

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$904
Property Tax -$487
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$31

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.

$245,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7953$1,8004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 3129 Bent Creek Drive Denton, TX 1
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.79
    •  
  • 1028 Springcreek Drive Denton, TX 2
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1998
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 3108 Spenrock Court Denton, TX 3
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2000
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 325 Cypress Creek Lane Denton, TX 4
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2018
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 309 Cypress Creek Lane Denton, TX 5
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2018
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Christopher Ondarza
Power House Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419111
Last Updated: 08/23/2020
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