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920 Sheldon Road Argyle, TX 76226

4 Beds 4 Baths 3,144 sqft Built 2013

$395,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $125.64
  • 4 Days on Market
  • MLS # : 14479103
  • Updated Date : 12/03/2020 at 10:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,144 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jlb R&i Llc

Listing Agent's Description

GREENBELT, Mediaroom, Flex room, 4Beds and 3.5 Baths. Open concept house in Lantana HOA. Lots of entertaining options with relaxing greenbelt backyard and Mediaroom. HOA include total 5 pools with 2 Olympic size jr. pools and front yard cares, Fitness center, and more. Check out Lantana HOA website for more information. 42 inch Custom cabinetry installed kitchen opens to family room. Pictures are not enough for the presentation. must come to see and feel the house.

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
E.p. Rayzor Elementary School Primary Regular 466 31 10
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

E.p. Rayzor Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 31
10
GreatSchools Rating

Harpool Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 61
9
GreatSchools Rating

John H. Guyer High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,457
Property Tax -$798
Property Insurance -$209
HOA -$111
Property Management Fees -$99
CASH FLOW
$76

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$26,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,822

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$2,8004$2,9005$2,900
$2,900
RENT COMPS ANALYSIS
  • 920 Sheldon Road Argyle, TX 1
    • 4 beds 4 baths ∙ 3,144 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,144 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.87
    •  
  • 540 Catherine Lane Lantana, TX 2
    • 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2014
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 631 Kirby Drive Argyle, TX 3
    • 4 beds 4 baths ∙ 3,094 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,094 Sqft ∙ Built 2010
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.90
    •  
  • 1328 Burnett Drive Lantana, TX 4
    • 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.89
    •  
  • 8740 Dayton Drive Lantana, TX 5
    • 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.90
    •  
PROPERTY LISTING DETAILS
James Lee
Jlb R&i Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479103
Last Updated: 12/03/2020
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