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100 Kaya Court Weatherford, TX 76087

4 Beds 3 Baths 2,350 sqft Built 2021

$399,500

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $170.00
  • 4 Days on Market
  • MLS # : 14509416
  • Updated Date : 02/04/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,350 sqft
  • Baths : 3 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Gorgeous new construction home to be completed Spring 2020. Great open concept floor plan with 4 bedrooms. Hand-scraped wood flooring, large covered back patio, large master closet, wood burning fireplace, white kitchen cabinets and so much more! Two bedrooms upstairs and a large bonus room with a closet and window. This is your opportunity to be in the highly sought after Lakeway Estates for under $400k! WOW! Retainer wall being added to the backyard. Home will have sprinkler system and grass added as well.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11212171

* 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
Mary Martin Elementary School Primary Regular 590 34 5
Mary Martin Elementary School Middle Regular 590 34 5
Weatherford High School High Regular 2,238 148 6

Mary Martin Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Mary Martin Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$359,550$439,450$399,500

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,388
Property Tax -$850
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$290

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$399,500

PROJECTED PRICE

$2,210

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,868

INVESTMENT

$107,868

Down Payment
$99,875
Rehab Estimate
$2,000
Closing Costs
$5,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,388

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,875
Loan Amount $299,625
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0753$2,1004$2,2005$2,210
$2,210
RENT COMPS ANALYSIS
  • 100 Kaya Court Weatherford, TX 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.94
    •  
  • 612 Sage Brush Drive Weatherford, TX 1
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2005
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.87
    •  
  • 1649 Signature Drive Weatherford, TX 2
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2018
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.95
    •  
  • 1105 Thistle Hill Trail Weatherford, TX 3
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 123 Crestview Drive Hudson Oaks, TX 4
    • 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kathy Deen
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509416
Last Updated: 02/04/2021
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