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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $127.18
- 4 Days on Market
- MLS # : 14512725
- Updated Date : 02/06/2021 at 17:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,864 sqft
- Baths : 3 full
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
Multiple Offers! Highest and best by Sunday at 7pm. NO HOA! Welcome Home to this beautiful rare find in South Denton. The open floor plan allows plenty of sunshine to fill the spacious living room and oversized kitchen with an island. Enjoy entertaining family and friends in the large dining room with attached den. Working from home? We've got you covered with an office. The bonus room is perfect for a mother-in-law suite with tons of built-ins and a Murphy bed. You'll love the private backyard oasis with a heated pool and plenty of room for backyard cookouts or to just enjoy that morning coffee. Located within minutes from I-35 and walking distance to schools and Eureka Park.
SEE MORE
- 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
Neighborhood: Crown Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crown Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,265 |
| Property Tax | -$724 | |
| Property Insurance | -$193 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$364,250
PROJECTED PRICE
$2,180
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$102,276
LOAN DETAILS
$1,265
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,063 |
| Loan Amount | $273,188 |
3.08
YEARS SAVED
$9,342
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,234
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
921 Abbots Lane Denton, TX 2
- 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,864 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,180
- $0.76
-
2521 Great Bear Lane Denton, TX 1
- 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2001
LEASED 03/03/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
3300 Casa Grande Drive Denton, TX 3
- 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 2015
LEASED 11/08/19- Rent
- Rent Per SQFT
- $2,299
- $0.77
-
3505 Montecito Drive Denton, TX 4
- 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 1998
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,395
- $0.83
-
2805 Forrestridge Drive Denton, TX 5
- 3 beds 2 baths ∙ 3,009 Sqft ∙ Built 1980 3 beds 2 baths ∙ 3,009 Sqft ∙ Built 1980
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.80
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512725
Last Updated: 02/06/2021
