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3911 Tristan Court Denton, TX 76208

3 Beds 2 Baths 1,474 sqft Built 2006

$225,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $153.26
  • 1 Days on Market
  • MLS # : 14461018
  • Updated Date : 11/02/2020 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,474 sqft
  • Baths : 2 full
Listing Agent

Pinnacle Realty Advisors

Listing Agent's Description

Location, Location! 4.5 miles from UNT. Right off of Loop 288 in North Denton and less than 5 minutes from 380-University. This home sits on a quiet neighborhood on a cul de sac. This home features Three bedrooms and Two full bathroom, one living area, one dinning area and spacious kitchen. Oversized backyard. SECURITY Lights throughout the exterior of the house. Recently new HVAC system installed with 3.5 Ton 16 SEER outdoor and indoor air handler with 12 yrs parts warranty and 6 years unit replacement. Roof installed on 4-2014. Sprinkler system and Gutters. This home are well-kept and well maintained. Is in immaculate condition! A MUST SEE.

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: Beverly Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k336k

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

Neighborhood: Beverly Park Estates

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
Wilson Elementary School Primary Regular 602 44 8
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Wilson Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 44
8
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
 

$203,310$248,490$225,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$833
Property Tax -$449
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$46

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.

$225,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.8%
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$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$65,614

INVESTMENT

$65,614

Down Payment
$56,475
Rehab Estimate
$5,750
Closing Costs
$3,389

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,475
Loan Amount $169,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$16,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5404$1,5505$1,795
$1,795
RENT COMPS ANALYSIS
  • 3911 Tristan Court Denton, TX 3
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.04
    •  
  • 4302 Comer Street Denton, TX 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2003
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.01
    •  
  • 1115 Savage Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 2004
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 1112 Savage Drive Denton, TX 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2003
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 1508 Oxford Lane Denton, TX 5
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
PROPERTY LISTING DETAILS
Kaysone Orlando
Pinnacle Realty Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461018
Last Updated: 11/02/2020
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