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4604 Stillhouse Hollow Lane Denton, TX 76226

4 Beds 4 Baths 3,113 sqft Built 2018

$425,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $136.52
  • 7 Days on Market
  • MLS # : 14520044
  • Updated Date : 02/24/2021 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,113 sqft
  • Baths : 3 full , 1 half
Listing Agent

All City Real Estate

Listing Agent's Description

Gorgeous and practically brand new home with so much to fall in love with! You are welcomed home with beautiful curb appeal and a sitting porch for those cooler evenings. Open concept living, dining and kitchen, give this home a grand and spacious feel. A chefs kitchen with ss appliances and plenty of counter space are perfect for large gatherings. Warm up by the stone covered gas-it fireplace. Massive en-suite is downstairs and has a large double vanity and incredible shower. Home office on the main floor with three bedrooms and additional living upstairs. Storage everywhere! The backyard looks over greenspace, so you can enjoy the privacy on the large covered porch. This home is ready for you!

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: Country Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Country Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262676

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,476
Property Tax -$845
Property Insurance -$207
HOA -$56
Property Management Fees -$99
CASH FLOW
$116

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.

$425,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.66%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$27,354

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,833

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,8003$3,0004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4604 Stillhouse Hollow Lane Denton, TX 2
    • 4 beds 4 baths ∙ 3,113 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,113 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 5100 Brookside Drive Denton, TX 1
    • 5 beds 4 baths ∙ 2,940 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,940 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 312 Creekside Trail Argyle, TX 3
    • 4 beds 3 baths ∙ 3,021 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,021 Sqft ∙ Built 2004
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 321 Clear Cove Argyle, TX 4
    • 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2012
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 317 Country Lakes Drive Argyle, TX 5
    • 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2005
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Corin Olivares
All City Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520044
Last Updated: 02/24/2021
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