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1098 Woodbriar Drive Grapevine, TX 76051

5 Beds 4 Baths 3,327 sqft Built 1990

$559,900

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $168.29
  • 3 Days on Market
  • MLS # : 14463688
  • Updated Date : 11/02/2020 at 13:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,327 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

New roof to be installed Nov2020! One owner home built by David Weekly with pride in ownership meticulously maintained! Rare oversized corner lot with the master downstairs! Updates throughout, lush landscaping & a private backyard located in Southlake Carroll ISD! Hardwood flooring in the formal living, dining & family room, new carpet in 2020 in all bedrooms & upstairs game room. Kitchen with custom built cabinetry, GE Profile 27inch double ovens+warming drawer, wine-chiller, granite countertops. Spa like master bath with rain heads & body jets, large walk in closet with built ins! Both upstairs bathrooms fully renovated! Pebble Sheen heated pool & spa! Board on Board cedar privacy fence & so much 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

Neighborhood: Winding Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k422k

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

Neighborhood: Winding Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262907

* 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
Durham Intermediate School Primary Regular 628 42 10
Carroll Middle School Middle Regular 659 44 10
Carroll Middle School High Regular 659 44 10

Durham Intermediate School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 42
10
GreatSchools Rating

Carroll Middle School

  • Education Level: Middle
  • # of students: 659
  • # of teachers: 44
10
GreatSchools Rating

Carroll Middle School

  • Education Level: High
  • # of students: 659
  • # of teachers: 44
10
GreatSchools Rating
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,066
Property Tax -$1,064
Property Insurance -$219
HOA -$4
Property Management Fees -$99
CASH FLOW
-$142

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.

$559,900

PROJECTED PRICE

$3,310

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,252

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9003$3,0004$3,3105$3,800
$3,800
RENT COMPS ANALYSIS
  • 1098 Woodbriar Drive Grapevine, TX 4
    • 5 beds 4 baths ∙ 3,327 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,327 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $0.99
    •  
  • 2711 Cobblestone Drive Grapevine, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1994
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
  • 2081 Brookgate Drive Grapevine, TX 2
    • 4 beds 4 baths ∙ 2,985 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,985 Sqft ∙ Built 1994
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.97
    •  
  • 2141 Idlewood Drive Grapevine, TX 3
    • 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 1990
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 1854 Johnson Court Grapevine, TX 5
    • 4 beds 3 baths ∙ 3,550 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,550 Sqft ∙ Built 2004
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jory Walker
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463688
Last Updated: 11/02/2020
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