Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4605 Napa Valley Drive Denton, TX 76226

4 Beds 2 Baths 1,881 sqft Built 2004

$264,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.83
  • 3 Days on Market
  • MLS # : 14504601
  • Updated Date : 01/22/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,881 sqft
  • Baths : 2 full
Listing Agent

Cc Texas Realty, Llc.

Listing Agent's Description

New Roof ! Beautiful 4 bedroom, 2 bath, 2 living area home with a great layout. Granite countertops & new stainless steel appliances in kitchen. 4th bedroom could also be used as an office. Sprinkler system for easy yard maintenance, and great location too! Move in ready.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Vintage

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $96k417k

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

Neighborhood: The Vintage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10302676

* 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
Borman Elementary School Primary Regular 458 41 5
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

Borman Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 41
5
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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$920
Property Tax -$527
Property Insurance -$136
HOA -$35
Property Management Fees -$99
CASH FLOW
$83

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.

$264,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$17,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4605 Napa Valley Drive Denton, TX 3
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 4701 Napa Valley Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2004
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 3912 Tuscany Court Denton, TX 2
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2004
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 3504 Hornbeam Street Denton, TX 4
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2010
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 4413 Alsace Drive Denton, TX 5
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Angie Cole
Cc Texas Realty, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504601
Last Updated: 01/22/2021
BESbswy