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712 Denali Court Tolar, TX 76476

4 Beds 2 Baths 1,939 sqft Built 2014

$250,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $128.93
  • 6 Days on Market
  • MLS # : 14472740
  • Updated Date : 11/18/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,939 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Built in 2014 this masterfully designed 4 bedroom home in desirable Tolar ISD sits in a private cul-de-sac; You'll love this manicured lawn and beautifully landscaped oversized lot with a sprinkler system. But don't stop there, come on in! The interior features rich dark wood cabinets and built ins, and granite counter tops throughout the home. Check out the incredible features in the photos, such as the wood burning stone fireplace, double crown molding the tiered living room ceiling, stainless steel appliances and walk in pantry. Master suite has a garden bathtub, and separate shower and separate vanities. Entertain on the covered outdoor patio! Don't' wait! Schedule your showing today before its gone!

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

Zip Code: 76476

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Zip Code: 76476

ZipNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10991734

* 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
Tolar Elementary School Primary Regular 347 23 6
Tolar Junior High School Middle Regular 156 14 6
Tolar High School High Regular 239 21 7

Tolar Elementary School

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 23
6
GreatSchools Rating

Tolar Junior High School

  • Education Level: Middle
  • # of students: 156
  • # of teachers: 14
6
GreatSchools Rating

Tolar High School

  • Education Level: High
  • # of students: 239
  • # of teachers: 21
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$922
Property Tax -$486
Property Insurance -$139
HOA -$8
Property Management Fees -$99
CASH FLOW
$35

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.

$250,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,784

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,690
$1,690
RENT COMPS ANALYSIS
  • 712 Denali Court Tolar, TX 2
    • 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.87
    •  
  • 9118 Parkview Circle Tolar, TX 1
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2010
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lindy Vestal
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472740
Last Updated: 11/18/2020
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