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809 Fenceline Drive Argyle, TX 76226

4 Beds 3 Baths 2,195 sqft Built 2014

$369,990

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $168.56
  • 6 Days on Market
  • MLS # : 14472008
  • Updated Date : 11/18/2020 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,195 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Argyle ISD. Stunning one story Highland home boasts 4 bedrooms and 2.5 baths in the award winning Harvest community. Nail down hardwood floors, stainless steel appliances and upgraded tankless water heater. Stone fireplace with gas starter. There is also a built in computer nook for your little or work area. Front room can be used as an office or bedroom. Surround sound in living and updated fans throughout home. This backyard has the best sunset in all of Harvest. Internet and basic cable included with HOA. Come see why families are choosing Harvest.

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: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$332,991$406,989$369,990

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,365
Property Tax -$799
Property Insurance -$154
HOA -$92
Property Management Fees -$99
CASH FLOW
-$69

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.

$369,990

PROJECTED PRICE

$2,440

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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$103,797

INVESTMENT

$103,797

Down Payment
$92,498
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,498
Loan Amount $277,493
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3403$2,3504$2,4405$2,500
$2,500
RENT COMPS ANALYSIS
  • 809 Fenceline Drive Argyle, TX 4
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.11
    •  
  • 1720 Mcgee Avenue Northlake, TX 1
    • 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2015
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 1800 Kaiser Cove Northlake, TX 2
    • 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2015
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.08
    •  
  • 2013 Kaiser Cove Northlake, TX 3
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.12
    •  
  • 1816 Kaiser Cove Argyle, TX 5
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
PROPERTY LISTING DETAILS
Larry J. Casselberry
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472008
Last Updated: 11/18/2020
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