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

5301 Persimmon Drive Denton, TX 76207

3 Beds 2 Baths 1,925 sqft Built 2019

$288,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $150.08
  • 7 Days on Market
  • MLS # : 14482502
  • Updated Date : 12/07/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,925 sqft
  • Baths : 2 full
Listing Agent

Lgi Homes

Listing Agent's Description

The Michigan has an incredible curb appeal with a gorgeous brick and stone exterior and on the inside features an open floor plan, 3 bedrooms, and 2 full baths. This home comes complete with thousands of dollars in upgrades including energy-efficient appliances, granite countertops, gorgeous wood cabinets, and an attached two-car garage complete with a door opener installed. The large kitchen with attached dining room and outside covered patio highlight this wonderful home. The Michigan can be found in the brand new community of Beaver Creek which is conveniently located near all of the amazing dining and entertainment that Denton has to offer.

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: 76207

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $115k261k

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

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701907

* 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
Ginnings Elementary School Primary Regular 619 48 5
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Ginnings Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 48
5
GreatSchools Rating

Strickland Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 65
5
GreatSchools Rating

Billy Ryan High School

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

$260,010$317,790$288,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,066
Property Tax -$574
Property Insurance -$138
HOA -$25
Property Management Fees -$99
CASH FLOW
$17

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$288,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 3.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,559

INVESTMENT

$78,559

Down Payment
$72,225
Rehab Estimate
$2,000
Closing Costs
$4,334

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,225
Loan Amount $216,675
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,915

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7954$1,8505$1,920
$1,920
RENT COMPS ANALYSIS
  • 5301 Persimmon Drive Denton, TX 5
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.00
    •  
  • 1109 Keystone Court Denton, TX 1
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 5500 Zara Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2019
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 805 Lansman Trail Denton, TX 3
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2019
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 5409 Songbird Trail Denton, TX 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2020
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482502
Last Updated: 12/07/2020
BESbswy