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

7021 Riverchase Trail Denton, TX 76210

3 Beds 2 Baths 1,961 sqft Built 2002

$300,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $152.98
  • 3 Days on Market
  • MLS # : 14526949
  • Updated Date : 03/05/2021 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

**Multiple offers: please submit highest and best by Sunday, March 7 at 5 pm** This home will not last long! Come see for yourself this fantastic creek lot with an updated, open floor plan. Beautiful views, privacy, built in bbq grill, and access to the dog park trail are just some of the extras this home has to offer. Once inside, you will marvel at the updated granite kitchen with stainless steel appliances, master bath with granite, garden tub and separate shower.....too many features to list! Home is beautiful inside and out; it shows like a model.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Ryan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Neighborhood: Ryan Ranch

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
Mcnair Elementary School Primary Regular 573 41 7
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

Mcnair Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 41
7
GreatSchools Rating

Harpool Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 61
9
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,042
Property Tax -$597
Property Insurance -$141
HOA -$17
Property Management Fees -$99
CASH FLOW
-$65

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.

$300,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,939

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8304$1,9005$2,195
$2,195
RENT COMPS ANALYSIS
  • 7021 Riverchase Trail Denton, TX 3
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.93
    •  
  • 905 Stoneway Drive Denton, TX 1
    • 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2002
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 925 Stoneway Drive Denton, TX 2
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2004
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 7509 Sunburst Trail Denton, TX 4
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2002
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
  • 7220 Riverchase Trail Denton, TX 5
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kathleen Simmons
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526949
Last Updated: 03/05/2021
BESbswy