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831 W Woodard Street Denison, TX 75020

3 Beds 2 Baths 1,631 sqft Built 1986

$215,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $131.82
  • 4 Days on Market
  • MLS # : 14465616
  • Updated Date : 11/05/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full
Listing Agent

Easy Life Realty

Listing Agent's Description

Step inside this newly remodeled 3 bedroom 2 bath home. Updates include quartz countertops, stainless steel appliances, a gorgeous front door, LED lighting, a modern chandelier, and a beautiful backsplash in the kitchen to compliment the light blue cabinets. Schedule your private showing 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: 75020

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $57k168k

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

Zip Code: 75020

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$793
Property Tax -$493
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$431

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.

$215,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$9.0k-$8.0k-$7.0k-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,337

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,2003$1,2004$1,3005$1,385
$1,385
RENT COMPS ANALYSIS
  • 831 W Woodard Street Denison, TX 1
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.66
    •  
  • 900 S Hyde Park Avenue Denison, TX 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1969
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 1719 W Parnell Street Denison, TX 3
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 2003
    property image
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 1012 W Shepherd Street Denison, TX 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1966
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 330 W Heron Street Denison, TX 5
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1982
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lisa Hitchcock
Easy Life Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465616
Last Updated: 11/05/2020
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