villages of carmel - loopnet · 2020. 11. 13. · untiljuly 2008 when she sold the company. during...

For Sale | 5400 Del Rey Denton, TX 76208VILLAGES OF CARMEL

CATHY CROWE214.850.4527

[email protected]

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PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 13

SALE COMPARABLES 18

RENT COMPARABLES 22

DEMOGRAPHICS 26

ADVISOR BIOS 28

INVESTOR DEALSINVESTOR DEALS || 214.850.4527214.850.4527 || INVESTORDEALS .COMINVESTORDEALS .COM


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FOR SALE | 5400 DEL REY DENTON, TX 76208

Table of Contents

CONFIDENTIALITY & DISCLAIMER CONTENTSAll materials and information received or derived from Investor Deals its directors, officers, agents,advisors, affiliates and/or any third party sources are provided without representation or warranty asto completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and allother matters.

Neither Investor Deals its directors, officers, agents, advisors, or affiliates makes any representationor warranty, express or implied, as to accuracy or completeness of the any materials or informationprovided, derived, or received. Materials and information from any source, whether written or verbal,that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. Investor Deals will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreedin writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Investor Deals makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data or assumptions. InvestorDeals does not serve as a financial advisor to any party regarding any proposed transaction. All dataand assumptions regarding financial performance, including that used for financial modelingpurposes, may differ from actual data or performance. Any estimates of market rents and/orprojected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Investor Deals in compliancewith all applicable fair housing and equal opportunity laws.

Section 1PROPERTY INFORMATION

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PROPERTY OVERVIEW6 Well Maintained TownhousesConvenient Location to Schools, Parks, Medical and Shopping and HighwaysBuilt in 2014Rear Car GarageHOA $200 per unit/yrDCTA Train Station 1 mile away

PROPERTY HIGHLIGHTS• Large Spacious Units Open living area concept

• Large Kitchens with SS Appliances ans Kitchen Bar

• Large Closets

• Stackable Washer and Dryer Closet

• Lawn Sprinkler System

OFFERING SUMMARY

Sale Price: $1,350,000

Building Size: 10,282 SF

Lot Size: 21,222 SF

Number of Units: 6

Price / SF: $131.30

Cap Rate: 5.01%

NOI: $67,668

Year Built: 2014

Zoning: MF2

Market: Denton


Executive Summary



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PROPERTY DESCRIPTION6 Well Maintained TownhousesConvenient Location to Schools, Parks, Medical and Shopping and HighwaysBuilt in 2014Rear Car GarageHOA $200 per unit/yrDCTA Train Station 1 mile away

LOCATION DESCRIPTION5400 Del Rey Drive5404 Del Rey Drive5408 Del Rey Drive5412 Del Rey Drive5416 Del Rey Drive5420 Del Rey Drive

PARKING DESCRIPTIONRear Garage


Property Description



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LOCATION INFORMATION

Building Name Villages of Carmel

Street Address 5400 Del Rey

City, State, Zip Denton, TX 76208

County Denton

Market Denton

Signal Intersection No

BUILDING INFORMATION

NOI $67,668.00

Cap Rate 5.01

Occupancy % 83.0%

Tenancy Single

Number of Floors 2

Year Built 2014

Condition Good

Roof Comp

Free Standing Yes

Number of Buildings 1

Foundation Slab

PROPERTY HIGHLIGHTS• Large Spacious Units Open living area concept

• Large Kitchens with SS Appliances ans Kitchen Bar

• Large Closets

• Stackable Washer and Dryer Closet

• Lawn Sprinkler System


Complete Highlights



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Additional Photos

Section 2LOCATION INFORMATION

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Denton, TX


Regional Map



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Location Maps



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Aerial Maps



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Site Plan

Section 3FINANCIAL ANALYSIS

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INVESTMENT OVERVIEW

Price $1,350,000Price per Unit $225,000GRM 10.6CAP Rate 5.0%Cash-on-Cash Return (yr 1) 3.34 %Total Return (yr 1) $30,170Debt Coverage Ratio 1.25

OPERATING DATA

Gross Scheduled Income $126,840Other Income -Total Scheduled Income $126,840Vacancy Cost $6,342Gross Income $120,498Operating Expenses $52,830Net Operating Income $67,668Pre-Tax Cash Flow $13,529

FINANCING DATA

Down Payment $405,000Loan Amount $945,000Interest Rate 4.0%Amortization Schedule 30 YearsDebt Service $54,139Debt Service Monthly $4,511Principal Reduction (yr 1) $16,641


Financial Summary



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INCOME SUMMARY PER SF

Market Rental Income $126,840 $12.34

Gross Income $126,840 $12.34

EXPENSE SUMMARY PER SF

Operating Expenses $12,651 $1.23Property Taxes $30,903 $3.01Insurance $9,276 $0.90

Gross Expenses $52,830 $5.14

Net Operating Income $67,668 $6.58


Income & Expenses



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UNITNUMBER

UNITBED

UNITBATH

UNITSIZE (SF)

LEASESTART

LEASEEND

CURRENTRENT

CURRENTRENT (PER SF)

MARKETRENT

MARKETRENT/SF

SECURITYDEPOSIT

5400 3 2.5 1,540 9/1/2018 10/31/21 $1,550 $1.01 $1,590 $1.03 $2,245

5404 4 2.5 1,800 12/1/20 11/30/21 $1,750 $0.97 $1,850 $1.03 $1,000

5408 4 2.5 1,800 7/15/19 8/31/20 $1,750 $0.97 $1,850 $1.03 $1,000

5412 4 2.5 1,800 2/6/19 1/31/21 $1,645 $0.91 $1,850 $1.03 $750

5416 4 2.5 1,800 8/1/20 7/31/21 $1,750 $0.97 $1,850 $1.03 $1,000

5420 3 2.5 1,540 9/1/18 8/31/19 $1,550 $1.01 $1,580 $1.03 $750

Totals/Averages 10,280 $9,995 $0.97 $10,570 $1.03 $6,745


Rent Roll



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UNIT TYPE COUNT % TOTAL SIZE (SF) RENT RENT/SF MARKET RENT MARKET RENT/SF

3-2.5-2 2 33.3 1,540 $1,550 $1.01 $1,590 $1.03

4-2.5-2 4 66.7 1,800 $1,750 $0.97 $1,850 $1.03

Totals/Averages 6 100% 10,280 $10,100 $0.98 $10,580 $1.03


Unit Mix Summary

Section 4SALE COMPARABLES

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Sale Comps



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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

Villages of Carmel5400 Del ReyDenton, TX 76208

$1,350,000 10,282 SF $131.30 $225,000 5.01% 10.64 6

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

Totals/Averages $ SF $NaN Liquid error: divided by 0 0.0%


Sale Comps Summary



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5400 Del Rey | Denton, TX 76208SUBJECT PROPERTY


Sale Comps Map

Section 5RENT COMPARABLES

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Rent Comps



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SUBJECT PROPERTY RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Villages of Carmel5400 Del ReyDenton, TX 76208

$0.98 0 SF 10,282 SF 6 83.0%

RENT COMPS RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Totals/Averages - - - - -


Rent Comps Summary



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5400 Del Rey | Denton, TX 76208SUBJECT PROPERTY


Rent Comps Map

Section 6DEMOGRAPHICS

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POPULATION 1 MILE 5 MILES 10 MILES

Total Population 3,399 114,726 308,847

Average age 32.7 32.5 33.1

Average age (Male) 31.7 32.3 32.7

Average age (Female) 33.3 33.0 33.7

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 1,161 38,768 106,288

# of persons per HH 2.9 3.0 2.9

Average HH income $79,691 $77,240 $85,027

Average house value $187,442 $203,283 $238,597

* Demographic data derived from 2010 US Census


Demographics Map & Report

Section 7ADVISOR BIOS

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TX #0401312

CATHY [email protected]: 214.850.4527 | Cell: 214.850.4527

PROFESSIONAL BACKGROUNDCathy Crowe has been a licensed Realtor since 1980. She has help hundreds of families sell and find new homes.Since 1990, Cathy has worked with investors with single family rehabs, rental properties and multi-family properties. She started buying houses in 1990 for both wholesale and rehabbingfor retail. Through the years she has wholesaled over 1000 houses, rehabbed over 300 houses, sold over 100 notes, and held numerous rental properties at various times. As a realtor shehas participated in the sale of over 150 multi-family properties, package deals of single houses (2-150) and multiple listings of properties of all sizes and price ranges.In 2001, Cathy wholesaled 243 houses before our national tragedy. In 2002, she started DFWREIN (Dallas Fort Worth Real Estate Investor Network) that taught and over 8000 investorsuntil July 2008 when she sold the company. During those years Cathy had monthly speaker meetings with a vendor fair, held daily classes (M-S), personally coached over 1000 investors,hosted an interactive website, and had a real estate investor center for the classes and networking.Cathy Crowe is a master at networking. She built an organization with thousands of investor from 2002-2008. She makes an effort to meet new people all the time and is always trying tomake connections. She will show you how to network your way to success in real estate investing!Cathy has a team of agents working with her that will strive to exceed your expectations on buying or selling real estate. We are a dedicated team with years of experience that will workdiligently on your needs.

If you are looking to buy a property for yourself to live in or to invest in, please give us a call! If you are looking to sell your property, give us a call for a no obligation analysis.

EDUCATIONREALTOR®, GRI, CRS, CRP, ABR, SRES, ePro, SFR

MEMBERSHIPSNARTARMETROTEX BoR

Investor DealsP.O. BOX 814037Dallas, TX 75381

214.850.4527


Advisor Bio 1

villages of carmel - loopnet · 2020. 11. 13. · untiljuly 2008 when she sold the company. during...

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