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726 E Woodard Street Denison, TX 75021

3 Beds 2 Baths 1,160 sqft Built 2020

$179,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $154.31
  • 2 Days on Market
  • MLS # : 14485403
  • Updated Date : 12/12/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,160 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Brand New Construction! Location. Location. Location. A home like no other, this home is built to gather, great room commands the space , with views that connect you to your front yard and sight lines to your back yard. EIGHT FOOT DOORS, for a grand entry into the house and out to the backyard. Your eyes will light up when you take notice to the lighting fixtures, stain concrete, granite countertops, fully tiled bathrooms, upgraded plumbing fixtures, SIX FOOT TALL WINDOWS. All spaces where thoughtfully considered as the laundry room has SPACE to get things done, porches have spaces to lounge. BOOK YOUR TOUR TODAY!

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: 75021

ZipNIR Market*CityMarket2010Year2002201960k70k80k90k100k110k120k130k140k150k160kPrice in $55k166k

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

Zip Code: 75021

No Data Available.

* 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
Terrell Elementary School Primary Regular 372 24 5
B Mcdaniel Middle School Middle Regular 670 48 5
Denison High School High Regular 1,243 99 5

Terrell Elementary School

  • Education Level: Primary
  • # of students: 372
  • # of teachers: 24
5
GreatSchools Rating

B Mcdaniel Middle School

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 48
5
GreatSchools Rating

Denison High School

  • Education Level: High
  • # of students: 1,243
  • # of teachers: 99
5
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$660
Property Tax -$410
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
$20

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.

$179,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,435

INVESTMENT

$49,435

Down Payment
$44,750
Rehab Estimate
$2,000
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$6,819

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,276

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2503$1,2804$1,3995$1,500
$1,500
RENT COMPS ANALYSIS
  • 726 E Woodard Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.10
    •  
  • 417 E Nelson Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 2019
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.11
    •  
  • 429 E Shepherd Street Denison, TX 2
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 2018
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 424 E Nelson Street Denison, TX 4
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2019
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.07
    •  
  • 612 E Shepherd Street Denison, TX 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2020
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sharles Edwards
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485403
Last Updated: 12/12/2020
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