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

4789 S Bonnie Brae Street Denton, TX 76226

4 Beds 3 Baths 2,340 sqft Built 1997

INVESTimate

$750,000

List Price

$2,260

$2,034 - $2,486

Rent Est.

$784,425  ( +4.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $320.51
  • 7 Days on Market
  • MLS # : 14415663
  • Updated Date : 08/22/2020 at 09:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pioneer Dfw Realty, Llc

Listing Agent's Description

Charming home located in the sought after Argyle ISD! This lovely home with an amazing porch, sits on over 4 cross fenced acres and is AG Exempt, so bring your horses or livestock! This beauty is a must see that boasts well water, updated bathrooms, spacious rooms with walk-in closets and fresh paint. Don't miss the oversized spacious 4 car garage that will inspire any kind of hobbyist. Bonus buildings include a well house, heated and cooled chicken coop and covered RV parking. Buyer and BA to verify all information.

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $115k416k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8702773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,767
Property Tax -$1,491
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$2,260

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.

$750,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$6,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,2604$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 4789 S Bonnie Brae Street Denton, TX 3
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.97
    •  
  • 3401 Buckthorn Lane Denton, TX 1
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 3329 Tamarack Lane Denton, TX 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2014
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 4509 Hidden Meadows Trail Denton, TX 4
    • 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2014
    LEASED 03/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 4708 Shagbark Drive Denton, TX 5
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tabetha Fite
Pioneer Dfw Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415663
Last Updated: 08/22/2020
BESbswy