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3909 Gennaker Drive Denton, TX 76210

5 Beds 4 Baths 2,851 sqft Built 2017

$385,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.04
  • 3 Days on Market
  • MLS # : 14540007
  • Updated Date : 03/27/2021 at 14:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,851 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Beautiful and well maintained 2 story home with a lot of upgrades! The house has an open floor plan with 10 feet ceiling and nice wood tile flooring throughout the first floor. The kitchen has a large granite island, beautiful travertine backsplash, stainless steel appliances, walk in pantry and access to a gas line. The large master bedroom suite is located in the first floor with a double sink, walk in shower, garden tub and walk in closet. The second floor has 4 bedrooms, one of the bedroom has double panel french doors and can be used also as a study, 2 full bathrooms, game room and a media room equipped with projector and pre wired.Large backyard great for a future pool for the new owner!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Zip Code: 76210

ZipNIR 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
W.s. Ryan Elementary School Primary Regular 588 44 6
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

W.s. Ryan Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 44
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,337
Property Tax -$766
Property Insurance -$192
HOA -$38
Property Management Fees -$99
CASH FLOW
-$21

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.

$385,000

PROJECTED PRICE

$2,410

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,1953$2,3954$2,4105$2,700
$2,700
RENT COMPS ANALYSIS
  • 3909 Gennaker Drive Denton, TX 4
    • 5 beds 4 baths ∙ 2,851 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,851 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.85
    •  
  • 2800 Clubhouse Drive Denton, TX 1
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2006
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.79
    •  
  • 6913 Riverchase Trail Denton, TX 2
    • 4 beds 2 baths ∙ 2,825 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,825 Sqft ∙ Built 2002
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 3505 Montecito Drive Denton, TX 3
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 1908 Anchor Drive Denton, TX 5
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2018
    property image
    LEASED 03/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ana Kelly
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540007
Last Updated: 03/27/2021
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