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4817 Pinnacle Place Denison, TX 75021

4 Beds 2 Baths 1,694 sqft Built 2017

INVESTimate

$209,000

List Price

$1,530

$1,377 - $1,683

Rent Est.

$219,178  ( +4.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $123.38
  • 5 Days on Market
  • MLS # : 14419170
  • Updated Date : 08/22/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,694 sqft
  • Baths : 2 full
Listing Agent

Easy Life Realty

Listing Agent's Description

This immaculate, very well maintained like new home on a quiet street has a nice open and airy floor plan featuring high ceilings with split bedroom arrangement.... and talk about curb appeal! The outside has been just as well maintained as the inside. Bring all of your belongings because this home has all of the storage you could want or need. Master bath has a nice size walk in shower and walk in closets. Backyard patio has been extended so there is plenty of room for your outdoor furniture, grill, and the back yard is huge making this space great for entertaining. Don't miss out on the opportunity to call this one home.

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: 75021

ZipNIR Market*CityMarket2010Year2002201960k70k80k90k100k110k120k130k140k150k160kPrice in $55k166k

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

Zip Code: 75021

No Data Available.

* 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
Hyde Park Elementary School Primary Regular 396 24 6
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Hyde Park Elementary School

  • Education Level: Primary
  • # of students: 396
  • # of teachers: 24
6
GreatSchools Rating

B Mcdaniel Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 48
5
GreatSchools Rating

Denison High School

  • Education Level: High
  • # of students: 1,243
  • # of teachers: 99
5
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$771
Property Tax -$418
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$209,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$16,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5953$1,6004$1,650
$1,650
RENT COMPS ANALYSIS
  • 4817 Pinnacle Place Denison, TX 1
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.90
    •  
  • 4706 Pinnacle Place Denison, TX 2
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2016
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
  • 1818 Woodland Park Drive Denison, TX 3
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2010
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 3209 Belle Avenue Denison, TX 4
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2005
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
PROPERTY LISTING DETAILS
Shannon Gladen
Easy Life Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419170
Last Updated: 08/22/2020
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