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3201 Deerfield Drive Denton, TX 76208

3 Beds 3 Baths 2,348 sqft Built 1995

$315,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $134.16
  • 4 Days on Market
  • MLS # : 14509322
  • Updated Date : 02/04/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful timeless traditional situated in a well established neighborhood on a cul de sac lot! Versatile formal living space features warm wood floors and a cozy brick fireplace w built-in cabinets that would make a great study-office area if desired. The open kitchen is the perfect place to entertain & features an eat in kitchen, breakfast bar, plus tons of cabinet & granite counter space for grand scale cooking! Owner's retreat features garden tub w separate shower & 2 walk in closets. Formal dining opens to the den and leads out to the fabulous outdoor space that features a screened in porch & large backyard that boasts matured trees, tranquil farm views, a shed, and an air conditioned workshop. A must see!

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: Greenfield Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Neighborhood: Greenfield Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
Hodge Elementary School Primary Regular 692 47 7
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Hodge Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 47
7
GreatSchools Rating

Strickland Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 65
5
GreatSchools Rating

Billy Ryan High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,094
Property Tax -$626
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,9954$2,000
$2,000
RENT COMPS ANALYSIS
  • 3201 Deerfield Drive Denton, TX 4
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 3208 Lance Lane Denton, TX 1
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2005
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1328 Stratford Lane Denton, TX 2
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1990
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 1001 Atlanta Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2007
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
PROPERTY LISTING DETAILS
Sarah Mccrory
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509322
Last Updated: 02/04/2021
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