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9604 Edmondson Drive 
Denton, TX
76207
3 Beds 3 Baths 3,170 sqft
Built 2010
INVESTimate
$599,000
List Price
$164,485
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $188.96
- 1 Days on Market
- MLS # : 14411328
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,170 sqft
- Baths : 2 full , 1 half
Listing Agent
Urocket Realty
Listing Agent's Description
GOLF COURSE Lot-Gorgeous curb appeal. Brick & stucco Marbella, Large kitchen, whitewashed cabinets & breakfast nook overlooking the golf course. Granite counters, breakfast bar, Bosch DW, wine cooler, roll-out shelves, gas cooktop, pot filler. Formal living w fireplace. Formal dining. 2nd living w custom built-in. Large office. Master BR w double tray ceiling & hickory wood flooring, bay window, AMAZING walk-in shower w rain & quad shower heads, custom master closet. Large laundry room w sink & cabinets. 2 bedrooms & full bath on 2nd floor. Full 3 car extended garage, epoxy floor, lift, alarmed garage doors. Garage attic is floored. Tankless water heater. Fenced backyard. Stamped Walkway. Roof replaced in 2019.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,210 |
| Property Tax | -$1,191 | |
| Property Insurance | -$210 | |
| HOA | -$285 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,335
|
||
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.
$599,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.56% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,485
LOAN DETAILS
$2,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
-0.25
YEARS SAVED
-$103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,660
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,663
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
9604 Edmondson Drive Denton, TX 2
- 3 beds 3 baths ∙ 3,170 Sqft ∙ Built 2010 3 beds 3 baths ∙ 3,170 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $2,660
- $0.84
-
11404 Ridgedale Court Denton, TX 1
- 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,500
- $0.84
PROPERTY LISTING DETAILS
Urocket Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14411328
Last Updated: 08/26/2020
