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4125 Oakmont Avenue Denton, TX 76210

5 Beds 4 Baths 3,397 sqft Built 2020

$561,431

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $165.27
  • 4 Days on Market
  • MLS # : 14540155
  • Updated Date : 03/26/2021 at 08:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,397 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14540155 - Built by Rendition Homes - June completion! ~ Upgrade to modern class infused with old world prestige with this gorgeous mezzo floorplan. A favorite floorplan for our home buyers. We did light colored stone-brick and interior selections are light, bright and airy. As you walk in this home, the expansive entryway invites you into the soaring ceilings of the main room. While tucked away on a quiet street, this home will be your sanctuary. The garden master tub, expansive covered patio and easy flow kitchen design provide ample spaces to find your serenity. Game room, media and upstairs balcony are just additional amazing features! Call today to make it your own!

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
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

W.s. Ryan Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 44
6
GreatSchools Rating

Crownover Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 59
8
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$505,288$617,574$561,431

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,950
Property Tax -$1,116
Property Insurance -$223
HOA -$67
Property Management Fees -$99
CASH FLOW
-$846

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$561,431

PROJECTED PRICE

$2,610

PROJECTED RENT

0.46%

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) 3.00%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,779

INVESTMENT

$150,779

Down Payment
$140,358
Rehab Estimate
$2,000
Closing Costs
$8,421

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,950

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,358
Loan Amount $421,073
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$5

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,548

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1953$2,6104$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 4125 Oakmont Avenue Denton, TX 3
    • 5 beds 4 baths ∙ 3,397 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,397 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.77
    •  
  • 2704 Bissonet Drive Denton, TX 1
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2002
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.66
    •  
  • 3412 Marymount Drive Denton, TX 2
    • 4 beds 3 baths ∙ 3,123 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,123 Sqft ∙ Built 2007
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.70
    •  
  • 3804 Gennaker Drive Denton, TX 4
    • 4 beds 4 baths ∙ 3,220 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,220 Sqft ∙ Built 2017
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
  • 7208 Frost Lane Denton, TX 5
    • 5 beds 4 baths ∙ 3,484 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,484 Sqft ∙ Built 2000
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
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 #: 14540155
Last Updated: 03/26/2021
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