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4209 Fiste Denton, TX 76207

4 Beds 2 Baths 1,729 sqft Built 2002

$215,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $124.35
  • 2 Days on Market
  • MLS # : 14471437
  • Updated Date : 11/14/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,729 sqft
  • Baths : 2 full
Listing Agent

Josh Deshong Real Estate, Llc

Listing Agent's Description

Open concept 4 bed 2 bath home on a corner lot!! Priced to sell quickly. Spacious master suite with separate shower and tub, double sinks, and large walk-in closet. Spacious eat-in kitchen open to the large living room. Well maintained home at a great price-point!!

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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: Forman Williamsburg Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $91k247k

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

Neighborhood: Forman Williamsburg Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7681769

* 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
Ginnings Elementary School Primary Regular 619 48 5
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Ginnings Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 48
5
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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$793
Property Tax -$428
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
$303

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$43,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4209 Fiste Denton, TX 4
    • 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 3817 Yellowstone Place Denton, TX 1
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1995
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 920 Cruise Street Denton, TX 2
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2003
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 804 Dixon Lane Denton, TX 3
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 3825 Sheraton Road Denton, TX 5
    • 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,738 Sqft ∙ Built 2018
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Parker Wood
Josh Deshong Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471437
Last Updated: 11/14/2020
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