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909 Regency Court Denton, TX 76210

3 Beds 2 Baths 1,872 sqft Built 2012

$299,999

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $160.26
  • 4 Days on Market
  • MLS # : 14499646
  • Updated Date : 01/14/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Ready Real Estate

Listing Agent's Description

Beautiful well maintained house with over a quarter of an acre back yard in a great small, quiet, and beautiful community in Denton, you don't want to miss it. This house have ceramic tile and wood like floors through out the house. Nice size office with French doors and a skylight in the kitchen. Master bathroom has a big walk-in closet, double sink vanity, and a jetted tub to relax after the long days of work. It comes with a whole house water softener, sprinkler system front and back, and a sink in the garage. Roof was replaced in 2019. Stove is electric, but also has option for gas. This house comes fully equipped and ready for it's new owner.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Central Village Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k247k

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

Neighborhood: Central Village Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8701879

* 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
Carroll Mcmath Middle School Middle Regular 741 55 6
Denton High School High Regular 2,166 140 6

W.s. Ryan Elementary School

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

Carroll Mcmath Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 55
6
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,042
Property Tax -$597
Property Insurance -$135
HOA -$32
Property Management Fees -$99
CASH FLOW
-$114

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.

$299,999

PROJECTED PRICE

$1,790

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6753$1,7904$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 909 Regency Court Denton, TX 3
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.96
    •  
  • 1000 Greenbend Drive Denton, TX 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1999
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.93
    •  
  • 1004 Greenbend Drive Denton, TX 2
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1112 Nora Lane Denton, TX 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2013
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 312 Cypress Creek Lane Denton, TX 5
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2017
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sonia Ortega
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499646
Last Updated: 01/14/2021
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