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900 Mallard Avenue Denton, TX 76210

4 Beds 4 Baths 3,393 sqft Built 2021

$589,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $173.86
  • 6 Days on Market
  • MLS # : 14521085
  • Updated Date : 02/23/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,393 sqft
  • Baths : 3 full , 1 half
Listing Agent

Britton Homes

Listing Agent's Description

PERRY HOMES NEW CONSTRUCTION! Home office with French doors set at two-story entry. Kitchen and dining area open to two-story family room with a wood mantel fireplace and a wall of windows. Kitchen features generous island with built-in seating space. First-floor primary suite includes primary bath with dual vanities, garden tub, separate glass-enclosed shower and two walk-in closets. Second floor highlights a game room with wall of windows, media room with French doors plus a guest suite with private bath. All secondary bedrooms are upstairs. Covered backyard patio. Mud room off three-car garage.

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: 76210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $115k336k

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

Zip Code: 76210

ZipNIR 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
W.s. Ryan Elementary School Primary Regular 588 44 6
Crownover Middle School Middle Regular 938 59 8
John H. Guyer High School High Regular 2,395 162 8

W.s. Ryan Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 44
6
GreatSchools Rating

Crownover Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 59
8
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,049
Property Tax -$1,173
Property Insurance -$223
HOA -$67
Property Management Fees -$99
CASH FLOW
-$1,081

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.

$589,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,324

INVESTMENT

$158,324

Down Payment
$147,475
Rehab Estimate
$2,000
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$37

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,511

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1953$2,3004$2,5305$2,700
$2,700
RENT COMPS ANALYSIS
  • 900 Mallard Avenue Denton, TX 4
    • 4 beds 4 baths ∙ 3,393 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,393 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.75
    •  
  • 2704 Bissonet Drive Denton, TX 1
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2002
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.66
    •  
  • 3412 Marymount Drive Denton, TX 2
    • 4 beds 3 baths ∙ 3,123 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,123 Sqft ∙ Built 2007
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.70
    •  
  • 2632 Valencia Lane Denton, TX 3
    • 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2002
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 3804 Gennaker Drive Denton, TX 5
    • 4 beds 4 baths ∙ 3,220 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,220 Sqft ∙ Built 2017
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
PROPERTY LISTING DETAILS
Larry Delzell
Britton Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521085
Last Updated: 02/23/2021
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