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1102 Dirkson Street Weatherford, TX 76086

3 Beds 2 Baths 1,858 sqft Built 1985

$280,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $150.70
  • 6 Days on Market
  • MLS # : 14515685
  • Updated Date : 02/09/2021 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Roxie Davidson Real Estate

Listing Agent's Description

Opportunity knocking - Come see what is behind the red door. Well kept home on corner lot in SW Weatherford. Large living with fireplace ,built ins, floorplan flows easily into dining and kitchen. Living is easy enjoying the covered patio or sharing a conversation while sitting in the gazebo listening to the water trickle into the koi pond. Storage building and fenced area for storing tools out of sight of beautifully landscaped yard. Large utility room with cabinets and closet. Garage with wall of storage cabinets

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: 76086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k258k

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

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611734

* 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
Hall Middle School Middle Regular 592 41 5
Weatherford High School High Regular 2,238 148 6
Whs Ninth Grade Center High Regular NA

Hall Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 41
5
GreatSchools Rating

Weatherford High School

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

Whs Ninth Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$973
Property Tax -$596
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$222

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.

$280,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5804$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 1102 Dirkson Street Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.85
    •  
  • 107 Oak Ridge Terrace Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1970
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 1109 Vivienne Street Weatherford, TX 2
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 2222 Tin Top Road Weatherford, TX 4
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1997
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 122 Buckingham Court Weatherford, TX 5
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
PROPERTY LISTING DETAILS
Roxie Davidson
Roxie Davidson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515685
Last Updated: 02/09/2021
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