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3820 Arroyo Trail Denton, TX 76208

4 Beds 3 Baths 2,999 sqft Built 2020

$410,912

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $137.02
  • 8 Days on Market
  • MLS # : 14485735
  • Updated Date : 12/16/2020 at 13:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,999 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14485735 - Built by History Maker Homes - Ready Now! ~ THIS HOME WILL SELL IMMEDIATELY! MODEL HOME! Oversized 60x135 ft. corner lot. Full sod and sprinklers. LOTS of UPGRADES. MUST SEE! Grand stone and brick covered entrance. 4 bedroom, three full baths plus powder bath. Large private office with french doors and closet. Master suite downstairs has sep. garden tub and spacious shower Game room upstairs. Three large secondary bedrooms all have walk-n closets. Special incentives tied to using prefered lender. SERIOUS ENQUIRIES ONLY PLEASE!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76208

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $115k276k

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

Zip Code: 76208

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701937

* 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
Pecan Creek Elementary School Primary Regular 693 48 7
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Pecan Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 48
7
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

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

$369,821$452,003$410,912

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,516
Property Tax -$817
Property Insurance -$200
HOA -$17
Property Management Fees -$99
CASH FLOW
-$329

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.

$410,912

PROJECTED PRICE

$2,320

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,892

INVESTMENT

$110,892

Down Payment
$102,728
Rehab Estimate
$2,000
Closing Costs
$6,164

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,728
Loan Amount $308,184
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3204$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 3820 Arroyo Trail Denton, TX 3
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.77
    •  
  • 3808 Juniperio Street Denton, TX 1
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 2017
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 4501 Fox Sedge Lane Denton, TX 2
    • 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 2904 Siena Drive Denton, TX 4
    • 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2013
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 3816 Harbour Mist Denton, TX 5
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2018
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.99
    •  
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 #: 14485735
Last Updated: 12/16/2020
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