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4609 Indian Paint Way Denton, TX 76208

5 Beds 3 Baths 2,932 sqft Built 2006

$349,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.03
  • 2 Days on Market
  • MLS # : 14490939
  • Updated Date : 01/02/2021 at 11:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,932 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real T Team

Listing Agent's Description

Beautiful family friendly open concept 2932 SF 5 bedroom, 2.5 bath home with wood floors, granite counters, stainless appliances, inlaid tile designs, vessel sink, window coverings, designer lighting, new paint, & more! Enjoy the functionality of the separate office, dining room, and grand kitchen which opens to the breakfast area and living room overlooking the spacious back patio & treed yard. Spacious 1st floor master bedroom ensuite has double sinks, separate tub & shower and large walk in closet. 2nd floor has 4 bedrooms and an oversized game room for fun entertaining! Desirable neighborhood is walking distance to Denton's Katy Trail & easy access to I-35, neighborhood park, pool, & trails nearby.

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: The Preserve at Pecan Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Neighborhood: The Preserve at Pecan Creek

NeighborhoodNIR 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
Pecan Creek Elementary School Primary Regular 693 48 7
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Pecan Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 48
7
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,288
Property Tax -$694
Property Insurance -$197
HOA -$20
Property Management Fees -$99
CASH FLOW
-$137

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.

$349,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,170

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1504$2,1605$2,295
$2,295
RENT COMPS ANALYSIS
  • 4609 Indian Paint Way Denton, TX 4
    • 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.74
    •  
  • 4509 Indian Paint Way Denton, TX 1
    • 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,683 Sqft ∙ Built 2007
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 6005 Marsh Rail Drive Denton, TX 2
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 6100 Moor Hen Drive Denton, TX 3
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 4501 Fox Sedge Lane Denton, TX 5
    • 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
PROPERTY LISTING DETAILS
Tina Bryant
Real T Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490939
Last Updated: 01/02/2021
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