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

7317 Edwards Road Denton, TX 76208

4 Beds 3 Baths 3,143 sqft Built 2007

$369,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $117.69
  • 4 Days on Market
  • MLS # : 14534055
  • Updated Date : 03/18/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,143 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era Cornerstone Realty

Listing Agent's Description

Located in the highly sought-after Denton ISD school district, the Preserve at Pecan Creek is an ideal place to make new memories! This 4-bedroom, 2.5 bath has over 3100sf of living space, in-wall surround sound speakers, master bedroom and office downstairs, and 3 living areas to spread out!The new roof installed in 2017 should lower your insurance bills, and new appliances will save you headaches from repairs.The community park, trails, and pool are so close to your home,you can literally step outside your door and enjoy swimming, playing, or even trail-hiking! This beautiful home was built for entertaining guests with its theatre room and game room that overlooks a 24-foot high living room ceiling. Must see!

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: The Preserve at Pecan Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Neighborhood: The Preserve at Pecan Creek

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
Pecan Creek Elementary School Primary Regular 693 48 7
Bettye Myers Middle School Middle Unknown 828 54 NA
Billy Ryan High School High Regular 2,409 170 5

Pecan Creek Elementary School

  • Education Level: Primary
  • # of students: 693
  • # of teachers: 48
7
GreatSchools Rating

Bettye Myers Middle School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 54
NA
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,285
Property Tax -$735
Property Insurance -$209
HOA -$39
Property Management Fees -$99
CASH FLOW
-$37

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.

$369,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,546

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3303$2,3954$2,500
$2,500
RENT COMPS ANALYSIS
  • 7317 Edwards Road Denton, TX 2
    • 4 beds 3 baths ∙ 3,143 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,143 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.74
    •  
  • 4501 Fox Sedge Lane Denton, TX 1
    • 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 5308 Wharfside Place Denton, TX 3
    • 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 2016
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
  • 4700 Redbud Drive Denton, TX 4
    • 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2007
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dimitri Wilhite
Era Cornerstone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534055
Last Updated: 03/18/2021
BESbswy