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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Preserve at Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
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
-
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
Real T Team
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490939
Last Updated: 01/02/2021
