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104 Camouflage Circle Willow Park, TX 76008

3 Beds 2 Baths 2,027 sqft Built 2014

$290,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $143.07
  • 6 Days on Market
  • MLS # : 14461553
  • Updated Date : 10/29/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,027 sqft
  • Baths : 2 full
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

STUNNING home in award winning Aledo ISD! Inside you will find a sprawling floor plan offering 3 bedrooms, 2 baths, PLUS a flex room with closet which can work as a perfect home office, exercise room, or 4th bedroom. Elegant wood flooring flows throughout main living area and enhances the fireplace, custom archway and crown molding. Secondary bedrooms split from master allow for ample privacy for all! The master bathroom is lovely and features a master closet which is sure to please even the pickiest buyers. The backyard is ready for entertaining with an extended patio-pergola and hanging lights. Vegetable garden? Flower garden? You decide as the prep work has been completed for you in this lovely home.

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: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262738

* 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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,070
Property Tax -$664
Property Insurance -$144
HOA -$12
Property Management Fees -$99
CASH FLOW
$41

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.

$290,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1503$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 104 Camouflage Circle Willow Park, TX 1
    • 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.00
    •  
  • 104 Cold Track Drive Willow Park, TX 2
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2013
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.11
    •  
  • 462 Spyglass Drive Willow Park, TX 3
    • 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 2006
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 178 Winged Foot Drive Willow Park, TX 4
    • 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2011
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 141 Whitetail Drive Willow Park, TX 5
    • 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 2015
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kimberly Bedwell
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461553
Last Updated: 10/29/2020
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