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1113 Crown Valley Drive Weatherford, TX 76087

4 Beds 3 Baths 2,841 sqft Built 2020

$505,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $177.75
  • 5 Days on Market
  • MLS # : 14502612
  • Updated Date : 01/22/2021 at 19:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,841 sqft
  • Baths : 2 full , 1 half
Listing Agent

Silversage Realty

Listing Agent's Description

BEAUTIFUL 4 BEDROOM, 2 AND A HALF BATH PLUS A STUDY LOCATED IN THE POPULAR CROWN VALLEY ESTATES. THIS GOLF COURSE LOT OVERLOOKS THE NEWLY RENOVATED OESTE RANCH GOLF COURSE IN WEATHERFORD. OVERSIZED KITCHEN BOASTS A LARGE ISLAND AND CUSTOM CABINETS AND IS OPEN TO THE LIVING AND DINING ROOM. GREAT FOR ENTERTAINING THE DINING ROOM HAS A LOVELY BAY WINDOW WITH A GOLF COURSE VIEW. THE MASTER BATH SUITE HAS A LARGE WALK IN SHOWER AND CLOSET THAT CONNECTS TO THE OVERSIZED LAUNDRY ROOM FOR CONVENIENCE. THE GARAGE IS SPLIT BETWEEN A 2 AND 1 CAR GARAGE WITH A SEPARETE ENTRANCE TO THE HOME. THE HUGE COVERED BACK PATIO OVERLOOKS THE GOLF COURSE.

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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
Mcanally Intermediate School Primary Regular 785 43 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mcanally Intermediate School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 43
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
 

$454,500$555,500$505,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,754
Property Tax -$1,075
Property Insurance -$191
HOA -$31
Property Management Fees -$99
CASH FLOW
-$650

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.

$505,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.50%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,825

INVESTMENT

$135,825

Down Payment
$126,250
Rehab Estimate
$2,000
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$52

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,486

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,5003$3,000
$3,000
RENT COMPS ANALYSIS
  • 1113 Crown Valley Drive Weatherford, TX 2
    • 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 922 Thistle Hill Trail Weatherford, TX 1
    • 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.78
    •  
  • 521 Parker Oaks Lane Hudson Oaks, TX 3
    • 3 beds 3 baths ∙ 3,105 Sqft ∙ Built 2013 3 beds 3 baths ∙ 3,105 Sqft ∙ Built 2013
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sharon Mcbee
Silversage Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502612
Last Updated: 01/22/2021
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