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3208 Belle Avenue Denison, TX 75020

3 Beds 2 Baths 1,530 sqft Built 2006

$209,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $136.60
  • 4 Days on Market
  • MLS # : 14465291
  • Updated Date : 11/04/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Re/max Signature Properties

Listing Agent's Description

This Belle Avenue Home is located in the highly sought-after Woodland Park subdivision with easy access on and off of Hwy 75 via Spur 503. Awaiting you, this beautiful home gives you a peaceful mindset starting with a welcoming front porch and a large back deck overlooking a big backyard. A beautiful fireplace in the family room, lets you know this home is well designed and built with the family in mind. The master suite is spacious with a large walk-in closet, attached bath with separate shower, and a relaxing soaking tub. This home is located within walking distance to the new Katy Trail and is close to parks, TMC, and shopping. Come and enjoy the good life on Belle Avenue.

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
Hyde Park Elementary School Primary Regular 396 24 6
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Hyde Park Elementary School

  • Education Level: Primary
  • # of students: 396
  • # of teachers: 24
6
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
 

$188,100$229,900$209,000

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 -$771
Property Tax -$479
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$140

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.

$209,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.77%

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) 8.00%
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$700k$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$17,193

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
  • $1.05

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 3208 Belle Avenue Denison, TX 2
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 726 Dubois Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2020
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.11
    •  
  • 2104 Renaissance Drive Denison, TX 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 2506 Renaissance Circle Denison, TX 4
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2020
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3101 Belle Avenue Denison, TX 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2004
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Rich Patterson
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 #: 14465291
Last Updated: 11/04/2020
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