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1200 Whisper Willows Drive Fort Worth, TX 76052

4 Beds 5 Baths 3,652 sqft Built 2008

$629,500

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $172.37
  • 3 Days on Market
  • MLS # : 14509248
  • Updated Date : 02/12/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,652 sqft
  • Baths : 3 full , 2 half
Listing Agent

United Real Estate Dfw

Listing Agent's Description

THIS HOME HAS IT ALL! Stunning custom home located on. 60 of an acre located in Award Winning Northwest ISD. Oasis backyard with covered patio, fireplace, built-in bar, outdoor kitchen, pool with attached spa and slide. 4 car garage, 2 attached and 2 detached in separate building . Open concept home features hand scraped hardwood floors, wood beamed cathedral ceiling, floor to ceiling stone fireplace. Chef style kitchen with huge breakfast bar, island, granite counters,SS appliances and gas cooktop. Master bedroom ensuite features dual vanities,walk in shower with double shower heads and walk in closet with built-ins. Study has doors leading to patio with a great view of pool.Media room upstairs with half bath.

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: Spring Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Spring Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263262

* 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
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$566,550$692,450$629,500

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,186
Property Tax -$1,443
Property Insurance -$238
HOA -$38
Property Management Fees -$99
CASH FLOW
-$564

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.

$629,500

PROJECTED PRICE

$3,440

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,568

INVESTMENT

$172,568

Down Payment
$157,375
Rehab Estimate
$5,750
Closing Costs
$9,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,186

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,375
Loan Amount $472,125
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,690

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,8004$3,440
$3,440
RENT COMPS ANALYSIS
  • 1200 Whisper Willows Drive Fort Worth, TX 4
    • 4 beds 5 baths ∙ 3,652 Sqft ∙ Built 2008 4 beds 5 baths ∙ 3,652 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $0.94
    •  
  • 1152 Crest Breeze Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 13633 Saddlewood Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,477 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,477 Sqft ∙ Built 2007
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 1313 Mesa Crest Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,631 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,631 Sqft ∙ Built 2012
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kay Link
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509248
Last Updated: 02/12/2021
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