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5401 Fairdale Drive Denton, TX 76207

4 Beds 2 Baths 2,059 sqft Built 2021

$314,650

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $152.82
  • 7 Days on Market
  • MLS # : 14484194
  • Updated Date : 12/14/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 2 full
Listing Agent

Re/max Proadvantage

Listing Agent's Description

Beautiful open-concept kitchen with espresso cabinets that overlooks into the family room, and a warm inviting fireplace to sit next too. This is a must see! *Days on market is based on start of construction.*

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$283,185$346,115$314,650

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,161
Property Tax -$626
Property Insurance -$146
HOA -$38
Property Management Fees -$99
CASH FLOW
-$59

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.

$314,650

PROJECTED PRICE

$2,010

PROJECTED RENT

0.64%

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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,382

INVESTMENT

$85,382

Down Payment
$78,663
Rehab Estimate
$2,000
Closing Costs
$4,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,161

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,663
Loan Amount $235,988
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7954$2,0105$2,200
$2,200
RENT COMPS ANALYSIS
  • 5401 Fairdale Drive Denton, TX 4
    • 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.98
    •  
  • 1103 Savage Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2004
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 4617 Conley Lane Denton, TX 2
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2017
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 724 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 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 908 Meadow Hill Street Denton, TX 5
    • 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2020
    property image
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ginger Weeks
Re/max Proadvantage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484194
Last Updated: 12/14/2020
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