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5808 Glenwood Drive Denton, TX 76208

3 Beds 3 Baths 2,572 sqft Built 2015

$299,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $116.60
  • 3 Days on Market
  • MLS # : 14540373
  • Updated Date : 03/27/2021 at 16:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,572 sqft
  • Baths : 3 full
Listing Agent

Real Broker, Llc

Listing Agent's Description

Multiple offers received, highest & best due by 8pm on Sunday, 3.28. Absolutely Gorgeous 3 bedroom 3 full bath home nestled in Glenwood Village. Welcoming covered front porch leads you into this beauty featuring engineered hardwood floors, high ceilings, decorative lighting and amazing floor plan with all the bedrooms on the main floor & huge flexible space with full bath upstairs. The family chef will love cooking in the gourmet kitchen boasting granite countertops, an island & a breakfast bar opening up to the living room anchored by the corner fireplace, perfect for entertaining. Restful Primary bedroom with ensuite complete with double sinks, jetted tub, separate shower & walk in closet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Villages of Carmel

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $111k336k

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

Neighborhood: Villages of Carmel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8702171

* 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
Pecan Creek Elementary School Primary Regular 693 48 7
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Pecan Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 48
7
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

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

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

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,042
Property Tax -$596
Property Insurance -$176
HOA -$25
Property Management Fees -$99
CASH FLOW
-$38

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$85,224

INVESTMENT

$85,224

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9954$2,0005$2,295
$2,295
RENT COMPS ANALYSIS
  • 5808 Glenwood Drive Denton, TX 1
    • 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 5004 Pebble Beach Trail Denton, TX 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2013
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 5105 Spyglass Hill Lane Denton, TX 3
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2009
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 3413 Seaside Drive Denton, TX 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 5813 Loveland Drive Denton, TX 5
    • 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
PROPERTY LISTING DETAILS
Patricia Ann Young
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540373
Last Updated: 03/27/2021
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