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519 Fox Creek Court Denton, TX 76209

3 Beds 3 Baths 2,237 sqft Built 1987

$299,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $134.06
  • 4 Days on Market
  • MLS # : 14488717
  • Updated Date : 12/24/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,237 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

**** WONDERFUL, THIRD OF AN ACRE LOT,LOCATED ON A CUL DE SAC****COMPLETELY UPDATED**** 3 bedrooms, 2.5 baths and study. Open concept kitchen with new appliances,features large window view of the oversized backyard, complete with deck. 2 living areas. Fireplace, vaulted ceilings, abundance of windows for natural light. Spacious master bath includes soaking tub and shower. Flooring, HVAC, paint, cabinets, appliances and MORE. Large, partially covered deck overlooks HUGE back yard with established shade trees. Oversized 2 car garage, allows for an abundance of additional storage.

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

Neighborhood: Summerwind

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k247k

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

Neighborhood: Summerwind

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8061769

* 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
Lee Elementary School Primary Regular 619 43 6
Calhoun Middle School Middle Regular 684 54 4
Denton High School High Regular 2,166 140 6

Lee Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 43
6
GreatSchools Rating

Calhoun Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 54
4
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,107
Property Tax -$596
Property Insurance -$156
Property Management Fees -$99
CASH FLOW
$12

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.

$299,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$4.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$17,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,9705$2,000
$2,000
RENT COMPS ANALYSIS
  • 519 Fox Creek Court Denton, TX 4
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.88
    •  
  • 3208 Lance Lane Denton, TX 1
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2005
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 516 Chateau Court Denton, TX 2
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1998
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 1108 Guadalupe Place Denton, TX 3
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1983
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 1111 Santa Fe Street Denton, TX 5
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1998
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kaki Lybbert
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488717
Last Updated: 12/24/2020
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