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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $176.30
- 4 Days on Market
- MLS # : 14511459
- Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,304 sqft
- Baths : 2 full
Listing Agent
Brian Holt Realty
Listing Agent's Description
You will fall in love with this beautiful one story, 3bed, 2bath home built by Snyder Construction. Awesome, great room with high ceilings & lots of windows facing south! Gas fireplace features classy, wooden mantel. Kitchen has granite countertops & new, stainless steel microwave & one year old stainless electric range. Double sinks in master bath. No homes behind the house allows for open views from the windows and patio. Convenient location minutes from the beautiful Denton Square, UNT, Texas Woman's University & Razor Ranch Shopping, North Lakes Park, walking trails and dog park. Big, beautiful, GE stainless steel refrigerator negotiable! No HOA.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Zip Code: 76201
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76201
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$457 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$163
|
||
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.
$229,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
8.17
YEARS SAVED
$24,614
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$1,493
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
531 Strata Drive Denton, TX 4
- 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,620
- $1.24
-
320 W Windsor Drive Denton, TX 1
- 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,450
- $1.16
-
289 Benjamin Street Denton, TX 2
- 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1985
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.09
-
527 Strata Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1997
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.19
-
2605 N Locust Street Denton, TX 5
- 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,495 Sqft ∙ Built 1999
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,700
- $1.14
PROPERTY LISTING DETAILS
Brian Holt Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511459
Last Updated: 02/06/2021
