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3608 Big Horn Trail Denton, TX 76210

4 Beds 3 Baths 2,889 sqft Built 2002

INVESTimate

$343,000

List Price

$2,050

$1,845 - $2,255

Rent Est.

$373,664  ( +8.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $118.73
  • 6 Days on Market
  • MLS # : 14415325
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,889 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Great open floor-plan in Sundown Ranch! Spacious 4 bedroom with 3 living & 2 dining! Wood floors in most of downstairs. Plantation shutters & crown molding throughout! Master suite downstairs, 3 secondary bedrooms upstairs sharing adjoined bathroom with 3 separate sinks. Large game room upstairs would also make a great school room. Main living room with lovely fireplace opens to the kitchen with granite countertops, an island, and ss appliances. Large backyard big enough for a pool. Spend your evenings barbecuing with the built-in bbq grill on the huge covered back patio! Enjoy the many amenities...pool, clubhouse, park, pond, walking trails, etc. and the amazing location with eating and entertainment nearby!

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: Sundown Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $115k283k

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

Neighborhood: Sundown Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8702021

* 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
Houston Elementary School Primary Regular 583 43 6
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Houston Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 43
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
 

$308,700$377,300$343,000

PURCHASE PRICE

$1,845$2,255$2,050

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,266
Property Tax -$682
Property Insurance -$194
HOA -$50
Property Management Fees -$99
CASH FLOW
-$241

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.

$343,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,645

INVESTMENT

$96,645

Down Payment
$85,750
Rehab Estimate
$5,750
Closing Costs
$5,145

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,266

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,750
Loan Amount $257,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1754$2,2995$2,300
$2,300
RENT COMPS ANALYSIS
  • 3608 Big Horn Trail Denton, TX 1
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.71
    •  
  • 2521 Great Bear Lane Denton, TX 2
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 2800 Clubhouse Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.79
    •  
  • 3300 Casa Grande Drive Denton, TX 4
    • 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 2015
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.77
    •  
  • 2632 Valencia Lane Denton, TX 5
    • 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2002
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kristen Caswell
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415325
Last Updated: 08/21/2020
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