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

316 W Walker Street Denison, TX 75020

3 Beds 2 Baths 1,090 sqft Built 2021

$159,990

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $146.78
  • 6 Days on Market
  • MLS # : 14464700
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14464700 - Built by Ameritex Homes - January completion! ~ 3 bedrooms; 2 bathrooms; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.25 in baseboard moulding; 30in flat panel kitchen cabinets; vinyl flooring; 50-gallon electric water heater; programmable smart thermostat; keyless smart locks; granite countertops; microwave; electric range; energy-efficient dishwasher; refrigerator; 50-50 stainless steel kitchen sink. **Photos and 3D tour may be representative of the house plan, but not actual photos of the home**

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
Terrell Elementary School Primary Regular 372 24 5
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Terrell Elementary School

  • Education Level: Primary
  • # of students: 372
  • # of teachers: 24
5
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
 

$143,991$175,989$159,990

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$590
Property Tax -$367
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
$97

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.

$159,990

PROJECTED PRICE

$1,240

PROJECTED RENT

0.78%

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$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,397

INVESTMENT

$44,397

Down Payment
$39,998
Rehab Estimate
$2,000
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,998
Loan Amount $119,993
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$12,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2403$1,2504$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 316 W Walker Street Denison, TX 2
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.14
    •  
  • 406 Martin Luther King Street Denison, TX 1
    • 3 beds 1 baths ∙ 965 Sqft ∙ Built 2018 3 beds 1 baths ∙ 965 Sqft ∙ Built 2018
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.14
    •  
  • 223 Bond Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.15
    •  
  • 408 W Johnson Street Denison, TX 4
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2018
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 423 W Walker Street Denison, TX 5
    • 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 2018
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464700
Last Updated: 11/03/2020
BESbswy