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9204 Glen Falls Lane Denton, TX 76210

4 Beds 3 Baths 3,373 sqft Built 2001

$299,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $88.65
  • 4 Days on Market
  • MLS # : 14531483
  • Updated Date : 03/12/2021 at 23:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,373 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate

Listing Agent's Description

Spacious family home within walking distance to Guyer High School but away from traffic. Three living areas with open floor plan. Big master bedroom includes seating area and features his-and-her walk in closets. Beautifully updated kitchen with new granite countertops and subway tile. Oversized laundry offers overflow storage for second pantry plus under-stairs storage. Gorgeous flagstone walkways and moss rock landscaping in front yard. Huge backyard is perfect for kids with plenty of room to run and play as well as summer fun in the community pool.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Mcnair Elementary School Primary Regular 573 41 7
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

Mcnair Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 41
7
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,039
Property Tax -$595
Property Insurance -$222
HOA -$25
Property Management Fees -$99
CASH FLOW
$311

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.

$299,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.77%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$39,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,639

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2903$2,5004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 9204 Glen Falls Lane Denton, TX 2
    • 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.68
    •  
  • 3412 Marymount Drive Denton, TX 1
    • 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
    •  
  • 3708 Ocean Drive Denton, TX 3
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 3606 Windsor Parkway Corinth, TX 4
    • 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2002
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
  • 7208 Frost Lane Denton, TX 5
    • 5 beds 4 baths ∙ 3,484 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,484 Sqft ∙ Built 2000
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Vanessa Warren
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531483
Last Updated: 03/12/2021
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