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701 Juneberry Drive Denton, TX 76207

3 Beds 2 Baths 1,598 sqft Built 2019

$258,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $161.45
  • 6 Days on Market
  • MLS # : 14469003
  • Updated Date : 11/11/2020 at 15:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,598 sqft
  • Baths : 2 full
Listing Agent

Re/max Cross Country

Listing Agent's Description

1 story dream home in New Community of Beaver Creek features open floors plan, split bedroom design, large central living area that opens to chef kitchen with island, granite countertops, tile backsplash, stainless steel Whirlpool appliances, built-in microwave, rich dark designer wood cabinets, brushed nickel hardware, grand master suite, garden tub, granite counters in both baths, oversized secondary bedrooms, covered patio and wood deck, wood laminate flooring thru out house except in bedrooms, this is the Erie floor plan of LGI Homes, brick and stone front elevation

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
Evers Park Elementary School Primary Regular 546 44 5
Calhoun Middle School Middle Regular 684 54 4
Denton High School High Regular 2,166 140 6

Evers Park Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 44
5
GreatSchools Rating

Calhoun Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 54
4
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$232,200$283,800$258,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$952
Property Tax -$513
Property Insurance -$120
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 9% of earned rent to cover both maintenance and periods of vacancy.

$258,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.65%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,370

INVESTMENT

$70,370

Down Payment
$64,500
Rehab Estimate
$2,000
Closing Costs
$3,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,500
Loan Amount $193,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$11,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,662

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6753$1,6994$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 701 Juneberry Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.05
    •  
  • 2217 Lookout Lane Denton, TX 2
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2000
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.04
    •  
  • 2209 Lookout Lane Denton, TX 3
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2000
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.07
    •  
  • 5413 Zara Drive Denton, TX 4
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2019
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 5417 Persimmon Drive Denton, TX 5
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Benjamin J Deanda
Re/max Cross Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469003
Last Updated: 11/11/2020
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