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 2020
- Price/Sqft : $135.57
- 4 Days on Market
- MLS # : 14483767
- Updated Date : 12/10/2020 at 13:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,254 sqft
- Baths : 2 full
Listing Agent
Legacy Point Realty
Listing Agent's Description
BEAUTIFUL NEW CONSTRUCTION HOME! You won't want to miss this luxurious 3 bedroom, 2 bath home in Denison. Builder offers amenities most builders don't like gas appliances, gas tankless hot water heater, ceiling fans in ALL bedrooms, and 16 seer AC unit. You're going to fall in love with this open concept floor plan with stained concrete floors as soon as you walk in. Gas heating, granite counter tops, under cabinet lighting, recessed lights throughout home. Another new construction home available two blocks away from the same builder. Don't miss out on this captivating home, call for your private tour today!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75021
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$627 |
| Property Tax | -$390 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
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.
$170,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| 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
$47,050
LOAN DETAILS
$627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,500 |
| Loan Amount | $127,500 |
3.42
YEARS SAVED
$5,767
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,339
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
531 E Munson Denison, TX 1
- 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,220
- $0.97
-
429 E Shepherd Street Denison, TX 2
- 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 2018
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,250
- $1.07
-
424 E Shepherd Street Denison, TX 3
- 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 2019
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,250
- $1.04
-
607 Day Street Denison, TX 4
- 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2020
![property image]()
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,250
- $1.01
-
612 E Shepherd Street Denison, TX 5
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,500
- $1.15
PROPERTY LISTING DETAILS
Legacy Point Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483767
Last Updated: 12/10/2020
