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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $173.08
- 3 Days on Market
- MLS # : 14481503
- Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Charming one story in private neighborhood - Fresh paint and sparkling clean! Split floor plan with three generous bedrooms and two well appointed bathrooms. Spacious living room is open to eat-in kitchen. Gorgeous hard surface flooring throughout- no carpet! Owner's suite bath is huge with a sizeable WIC. Built in 2010, and very well cared for - pride in ownership shows! Enjoy the covered back porch with custom wood fencing and storage shed! Landscaped in both the front yard and back yard - plenty of space for relaxing and play- back yard includes a dog run. Energy star appliances, low-e windows helps with energy efficiency. Central location close to schools, parks and easy access to 288 and 380. Do not wait!
SEE MORE
- 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: 76209
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76209
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$447 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$121
|
||
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.
$225,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
7.5
YEARS SAVED
$24,536
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
912 Barbara Street Denton, TX 5
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $1.23
-
2937 Oakshire Street Denton, TX 1
- 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2005
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,550
- $1.23
-
2933 Oakshire Street Denton, TX 2
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2006
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,550
- $1.18
-
1208 Telese Court Denton, TX 3
- 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2007
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.29
-
1000 Barbara Street Denton, TX 4
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2009
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,600
- $1.23
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481503
Last Updated: 12/04/2020
