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1249 Woodbridge Court Willow Park, TX 76087

5 Beds 3 Baths 2,746 sqft Built 2007

INVESTimate

$435,000

List Price

$2,540

$2,290 - $2,790

Rent Est.

$461,057  ( +5.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $158.41
  • 3 Days on Market
  • MLS # : 14416787
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,746 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Meticulously maintained 5 BR, 3 BA custom home is sure to amaze. Upgrades from the inside out. Kitchen has lots of storage w Jenn Air appliances including double oven and large cooktop. It opens to the living room and dining area featuring an abundant amount of natural light. All rooms are very spacious. Some used as office and media room. Master is separate from the other rooms, bath with dual vanities, separate shower, jetted tub and large, walk-in closet. The home sits on a spacious lot with large patio, saltwater diving pool and firepit perfectly situated for entertaining family and friends. The oversized garage has plenty of room for your vehicles and your storage. New HVAC,city water,well,LED lighting.

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: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,605
Property Tax -$996
Property Insurance -$186
Property Management Fees -$99
CASH FLOW
-$345

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.

$435,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,636

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,199
1$2,1992$2,4003$2,5404$2,600
$2,600
RENT COMPS ANALYSIS
  • 1249 Woodbridge Court Willow Park, TX 3
    • 5 beds 3 baths ∙ 2,746 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,746 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.92
    •  
  • 114 Muirfield Drive Willow Park, TX 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2006
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.90
    •  
  • 15116 Roderick Road Aledo, TX 2
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 105 Muirfield Drive Willow Park, TX 4
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2005
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Heather Murdock
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416787
Last Updated: 08/25/2020
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