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42 Highview Circle Denton, TX 76205

4 Beds 3 Baths 2,937 sqft Built 1983

$464,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $158.29
  • 1 Days on Market
  • MLS # : 14491675
  • Updated Date : 01/03/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,937 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This home has it all! You will fall in love with everything about it, neighborhood, yard layout of the home. The living area has plenty of natural light and showcases a beautiful floor to ceiling brick fireplace and wood beam ceiling with a wall of windows overlooking the large pool and back yard and multipe seating areas. The chef in your family will love the kitchen featuring an island with cooktop, tons of cabinet and counter space. Retreat to your spacious master suite with ensuite bath.

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

Neighborhood: Forrest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $115k373k

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

Neighborhood: Forrest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8702478

* 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
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,715
Property Tax -$924
Property Insurance -$197
HOA -$6
Property Management Fees -$99
CASH FLOW
-$602

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.

$464,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,342

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2753$2,3404$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 42 Highview Circle Denton, TX 3
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.80
    •  
  • 3104 Pinehurst Court Denton, TX 1
    • 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2001
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 1708 Lynhurst Lane Denton, TX 2
    • 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,784 Sqft ∙ Built 1998
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.82
    •  
  • 3505 Montecito Drive Denton, TX 4
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 2805 Forrestridge Drive Denton, TX 5
    • 3 beds 2 baths ∙ 3,009 Sqft ∙ Built 1980 3 beds 2 baths ∙ 3,009 Sqft ∙ Built 1980
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Marian D'unger
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491675
Last Updated: 01/03/2021
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