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709 Chateau Court 
Denton, TX
76209
3 Beds 2 Baths 1,477 sqft
Built 1998
INVESTimate
$229,000
List Price
$66,435
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $155.04
- 2 Days on Market
- MLS # : 14418305
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,477 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Charming home with wooded lot is ready for you! Beautiful leaded glass front door leads to entry and expansive living area with fireplace. Laminate & tile floors throughout. Features include split bedrooms, all with walk-in closets and ceiling fans; jetted tub, separate shower, double vanities & separate WICs in master; security system; coat & linen closets; and attic pull-downs in both hall and garage. Shady back yard has 16x17 covered patio, 21x8 deck with built-in bench seating, and storage shed. All in a quiet neighborhood near Texas Woman's University & other schools. Don't miss this opportunity!
SEE MORE
- . 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
Neighborhood: Sherman Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherman Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$455 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$118
|
||
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.
$229,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.09% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
7.33
YEARS SAVED
$24,342
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,625
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
709 Chateau Court Denton, TX 4
- 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,630
- $1.10
-
204 Tanglewood Street Denton, TX 1
- 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1987
![property image]()
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,450
- $1.05
-
289 Benjamin Street Denton, TX 2
- 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1985
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.09
-
320 Tanglewood Street Denton, TX 3
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1987
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,500
- $1.16
-
1508 Oxford Lane Denton, TX 5
- 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,795
- $1.10
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418305
Last Updated: 08/25/2020
