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113 Woodland Trail Weatherford, TX 76085

3 Beds 3 Baths 1,849 sqft Built 1983

$410,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $221.74
  • 1 Days on Market
  • MLS # : 14471598
  • Updated Date : 11/14/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full , 1 half
Listing Agent

B Realty Texas

Listing Agent's Description

WELCOME TO COUNTRY LIVING, WITH DOOR DASH!! A BEAUTIFUL 3BED, 2.1 BATH WITH A BONUS SAUNA SITS ON JUST OVER 5.25 ACRES OF ROLLING PASTURE, ONLY MINUTES FROM DOWNTOWN WEATHERFORD. AN IMPRESSIVE WHITE PIPE FENCE WITH NEW REMOTE GATE SURROUNDS THE ENTIRE PROPERTY AND IS CROSS FENCED, ALL WITH NO CLIMB WIRE, IS IMMEDIATELY READY TO HOUSE YOUR LIVESTOCK. GREAT FOR 4H!! WITH QUICK ACCESS TO I-20, YOU CAN BE IN FORT WORTH IN UNDER 30 MINS. A TRANQUIL CREEK FLOWS THROUGH THE BACK HALF OF THE PROPERTY SETTING THE STAGE FOR DAILY EXPOSURE TO MAGNIFICENT SUNSETS, WHILE YOU RELAX ON YOUR FULLY COVERED PATIO DECK WITH FAMILY AND FRIENDS. YOU WON'T FIND ANOTHER ONE LIKE THIS ANY TIME SOON!!

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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: 76085

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

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

Zip Code: 76085

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11081734

* 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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,513
Property Tax -$872
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$778

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8403$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 113 Woodland Trail Weatherford, TX 2
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.00
    •  
  • 233 Wellington Trail Weatherford, TX 1
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 2233 Old Foundry Road Weatherford, TX 3
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 2102 Old Foundry Road Weatherford, TX 4
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
  • 221 Whispering Dell Lane Weatherford, TX 5
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2002
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Nick Mathews
B Realty Texas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471598
Last Updated: 11/14/2020
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