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8820 White Rock Lane Denton, TX 76226

4 Beds 3 Baths 3,034 sqft Built 2020

INVESTimate

$405,990

List Price

$3,060

$2,810 - $3,310

Rent Est.

$424,625  ( +4.59%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $133.81
  • 2 Days on Market
  • MLS # : 14420379
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Classic Property Management

Listing Agent's Description

Beautiful Bloomfield Home Available December 2020! This 4 bed, 2.5 bath, 2.5 car-garage home sits on a great corner lot near the Amenity Center. Deluxe Kitchen with under cabinet lighting, Quartz counter tops, an island, and a large walk-in pantry. Engineered Wood floors throughout first floor living areas. Bedroom 1 En-suite bathroom is a relaxing haven with Luxury finishes, garden tub, dual sinks, and separate shower. Study, Game Room, and Media Room to keep everyone entertained. Covered back patio with gas stub. Fully Landscaped with a Sprinkler system. This property won't last long, call 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: 76226

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $115k416k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8702773

* 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
 

$365,391$446,589$405,990

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,498
Property Tax -$807
Property Insurance -$203
HOA -$61
Property Management Fees -$99
CASH FLOW
$393

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$405,990

PROJECTED PRICE

$3,060

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.59%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,587

INVESTMENT

$109,587

Down Payment
$101,498
Rehab Estimate
$2,000
Closing Costs
$6,090

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,498
Loan Amount $304,493
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$70,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,080

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0604$3,1005$3,195
$3,195
RENT COMPS ANALYSIS
  • 8820 White Rock Lane Denton, TX 3
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.01
    •  
  • 2791 Britt Drive Argyle, TX 1
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2002
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.05
    •  
  • 312 Creekside Trail Argyle, TX 2
    • 4 beds 3 baths ∙ 3,021 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,021 Sqft ∙ Built 2004
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 2483 Britt Drive Argyle, TX 4
    • 5 beds 4 baths ∙ 3,347 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,347 Sqft ∙ Built 2000
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
  • 1504 Monarch Trail Northlake, TX 5
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2020
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.09
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420379
Last Updated: 08/25/2020
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