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9821 Denali Drive Little Elm, TX 75068

4 Beds 3 Baths 2,549 sqft Built 2016

$375,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $147.12
  • 10 Days on Market
  • MLS # : 14456724
  • Updated Date : 10/30/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,549 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Striking home on a premium corner lot in the Wildridge subdivision of Little Elm with lush landscaping & a covered front porch. The great room draws you into the stunning kitchen with a vast island, farm sink & gas stove & opens to the sprawling living room with a stone fireplace. Peaceful master suite boasts vaulted ceilings, sitting area & a spa-like bath. Versatile study or additional bedroom, half bath & utility room complete the first floor. Upstairs features a spacious game room loft, media room, two nice-appointed secondary bedrooms & a bath. Step outside to relax under the covered patio or in the large grassed yard. Enjoy all the amenities this wonderful community offers with a clubhouse, pool & more!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Oak Point Elementary School Primary Regular 617 39 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Oak Point Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,384
Property Tax -$759
Property Insurance -$175
HOA -$83
Property Management Fees -$99
CASH FLOW
-$369

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.

$375,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,313

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,3903$2,4004$2,4005$2,695
$2,695
RENT COMPS ANALYSIS
  • 9821 Denali Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.84
    •  
  • 1608 Silver Lane Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.87
    •  
  • 9617 Oxbow Lane Little Elm, TX 3
    • 4 beds 4 baths ∙ 2,703 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,703 Sqft ∙ Built 2020
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 1616 Clayton Lane Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 605 Woodridge Drive Oak Point, TX 5
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2020
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Brent Germany
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14456724
Last Updated: 10/30/2020
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