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908 Mallard Avenue Denton, TX 76210

3 Beds 3 Baths 2,966 sqft Built 2020

$519,963

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $175.31
  • 4 Days on Market
  • MLS # : 14540267
  • Updated Date : 03/25/2021 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,966 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14540267 - Built by Rendition Homes - July completion! ~ Admire the soaring, dramatic front porch adorned with gorgeous stone and an 8 foot front door! Enjoy dinner prepared with chef inspired appliances included a separate gas cooktop and built in electric double ovens. Enjoy the shady evenings under your oversized covered patio looking out to the view of the green belt, or host game night upstairs in the second family space. Your master retreat can fit any furnishings you desire with extra extended space. This home has a dining space and breakfast nook. Call today to make it your own!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$467,967$571,959$519,963

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,806
Property Tax -$1,034
Property Insurance -$199
HOA -$67
Property Management Fees -$99
CASH FLOW
-$744

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.

$519,963

PROJECTED PRICE

$2,460

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,790

INVESTMENT

$139,790

Down Payment
$129,991
Rehab Estimate
$2,000
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,991
Loan Amount $389,972
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,4604$2,4955$2,700
$2,700
RENT COMPS ANALYSIS
  • 908 Mallard Avenue Denton, TX 3
    • 3 beds 3 baths ∙ 2,966 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,966 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.83
    •  
  • 6913 Riverchase Trail Denton, TX 1
    • 4 beds 2 baths ∙ 2,825 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,825 Sqft ∙ Built 2002
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 2216 Corsair Lane Denton, TX 2
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2016
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 3829 La Mancha Lane Denton, TX 4
    • 3 beds 3 baths ∙ 3,001 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,001 Sqft ∙ Built 2004
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.83
    •  
  • 1908 Anchor Drive Denton, TX 5
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2018
    property image
    LEASED 03/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540267
Last Updated: 03/25/2021
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