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9509 Meadowpark Drive Denton, TX 76226

4 Beds 3 Baths 2,456 sqft Built 2017

$359,900

List Price

$2,380

$2.1K - $2.6K

Rent Est.

$101,124

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.3%
Cash Flow	$144
Value Increase	$28,484

10 YEAR

Cash On Cash	-2.3%
Total Return	12.1%

PROPERTY INFO

December 05, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2017
Price/Sqft : $146.54
2 Days on Market
MLS # : 14481319
Updated Date : 12/05/2020 at 14:00

CONSTRUCTION

Beds : 4
Floor Size : 2,456 sqft
Baths : 3 full

Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Perfectly charming two story home that's move-in ready! Fabulous floorplan and beautiful upgrades throughout. Light and bright at every turn. Iron entry door opens to hand-scraped hardwoods throughout main living areas. French doors lead to lovely and private study. Four bedrooms all have generous size and storage. Master is extra large with separate shower and tub, with additional French doors and arched features throughout. Kitchen is ideal for a chef and entertaining with upgraded SS appliances and abundant storage. Come see today!

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MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Country Lakes North

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

Neighborhood: Country Lakes North

* 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

GreatSchools Rating

Carroll Mcmath Middle School

Education Level: Middle
# of students: 741
# of teachers: 55

GreatSchools Rating

Denton High School

Education Level: High
# of students: 2,166
# of teachers: 140

GreatSchools Rating

FINANCIALS

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$323,910$395,89000$359,900

PURCHASE PRICE

$2,142$2,61800$2,380

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,380
EXPENSES	Loan Payment	-$1,328
	Property Tax	-$716
	Property Insurance	-$169
	HOA	-$56
	Property Management Fees	-$99



CASH FLOW $12

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.

$359,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$101,124

Down Payment	$89,975
Rehab Estimate	$5,750
Closing Costs	$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$89,975
Loan Amount	$269,925

See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,380
LIST RENT
$0.97
LIST RENT PER SQFT

$2,339
COMP ESTIMATED VALUE
$0.95
COMP AVG. RENT PER SQFT

Comps Range

$1,995

1$1,9952$2,1503$2,2004$2,3805$2,695

$2,695

RENT COMPS ANALYSIS

2,456
PROPERTY SQFT
$0.95
AVG RENT PER SQFT
$2,339
ESTIMATED VALUE
$2,380
LIST RENT

9509 Meadowpark Drive Denton, TX 5

4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017
Price

Price Per SQFT

$359,900

$146.54
5508 Balmorhea Drive Denton, TX 1

4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007
SOLD 09/25/20
Price

Price Per SQFT

$275,000

$113.40
9305 Toledo Bend Drive Denton, TX 2

5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 2012
SOLD 09/04/20
Price

Price Per SQFT

$295,000

$116.23
8709 Lavon Lane Denton, TX 3

4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2020
SOLD 09/13/20
Price

Price Per SQFT

$346,990

$141.40
9505 Athens Drive Denton, TX 4

4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2018
SOLD 10/13/20
Price

Price Per SQFT

$349,900

$149.72

9509 Meadowpark Drive Denton, TX 4

4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2017
Rent

Rent Per SQFT

$2,380

$0.97
5917 Greenmeadow Drive Denton, TX 1

3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2004
LEASED 03/04/20
Rent

Rent Per SQFT

$1,995

$0.83
5800 Greenmeadow Drive Denton, TX 2

4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2004
LEASED 07/08/20
Rent

Rent Per SQFT

$2,150

$0.89
4712 Stillhouse Hollow Lane Denton, TX 3

3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2018
LEASED 07/13/20
Rent

Rent Per SQFT

$2,200

$1.03
402 Collin Street Argyle, TX 5

4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2013
LEASED 06/15/20
Rent

Rent Per SQFT

$2,695

$1.06

PROPERTY LISTING DETAILS

Damon Williamson
Compass Re Texas, Llc.

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481319
Last Updated: 12/05/2020

9509 Meadowpark Drive Denton, TX 76226

$359,900

$2,380

$101,124

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

W.s. Ryan Elementary School

Carroll Mcmath Middle School

Denton High School

FINANCIALS

$323,910$395,89000$359,900

$2,142$2,61800$2,380

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$359,900

$2,380

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,328

4.58

$20,474

$359,900

$146.54

$319,741

$130.19

COMPS RANGE

PRICE COMPS ANALYSIS

$2,380

$0.97

$2,339

$0.95

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS