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816 Lansman Trail Denton, TX 76207

4 Beds 3 Baths 2,312 sqft Built 2019

INVESTimate

$295,900

List Price

$1,880

$1,692 - $2,068

Rent Est.

$321,229  ( +8.56%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $127.98
  • 3 Days on Market
  • MLS # : 14419947
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,312 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Ozark features a stunning brick and stone entry, regal from the outside, and just as grand on the inside. Thoughtfully designed with your family in mind, and loaded with upgrades. Brand new, 2-story, 4-bedroom, 2.5-bath home, available in Beaver Creek. Inside you will find upgrades including granite countertops, espresso wood cabinetry, brushed nickel fixtures, rounded corners and raised panel doors. The chef-ready kitchen boasts all new stainless steel, energy efficient appliances, including refrigerator. The spacious family room features beautiful windows letting in plenty of natural light. A large, private master suite with double sink vanity and an over-sized walk-in closet are other exquisite details.

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: 76207

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $115k261k

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

Zip Code: 76207

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701907

* 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
Ginnings Elementary School Primary Regular 619 48 5
Strickland Middle School Middle Regular 899 65 5
Billy Ryan High School High Regular 2,409 170 5

Ginnings Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 48
5
GreatSchools Rating

Strickland Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 65
5
GreatSchools Rating

Billy Ryan High School

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

$266,310$325,490$295,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,092
Property Tax -$588
Property Insurance -$161
HOA -$25
Property Management Fees -$99
CASH FLOW
-$85

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.

$295,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.56%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,414

INVESTMENT

$80,414

Down Payment
$73,975
Rehab Estimate
$2,000
Closing Costs
$4,439

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,975
Loan Amount $221,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,8804$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 816 Lansman Trail Denton, TX 3
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.81
    •  
  • 4909 Beaver Creek Avenue Denton, TX 1
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2018
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 4808 W Merchant Trail Denton, TX 2
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2020
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 733 Lansman Trail Denton, TX 4
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 1012 Keystone Court Denton, TX 5
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2020
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419947
Last Updated: 08/25/2020
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