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140 Overland Trail Willow Park, TX 76087

3 Beds 2 Baths 1,646 sqft Built 2006

$237,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.53
  • 2 Days on Market
  • MLS # : 14475683
  • Updated Date : 11/21/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Fabulous home in Stage Coach Estates! This great 3 bedroom, 2 bathroom home sits on a large corner lot and features upgraded hardwood floors throughout, open kitchen- living area, split bedrooms, large master bedroom with two (2) oversized closets. The master bathroom features a separate tub and shower with double sinks. There is not a better home in the neighborhood! 140 Overland Trail has a new HVAC system and partial new fence. The backyard is 0.21 acres. Stage Coach Estates feature a community play area and pool for the residents. Aledo ISD School District. Buyer to verify measurements. Showings must wear a mask in the home at all times. Please provide pre-approval prior to scheduling showing.

SEE MORE

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*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
 

$214,110$261,690$237,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$878
Property Tax -$544
Property Insurance -$122
HOA -$32
Property Management Fees -$99
CASH FLOW
$95

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.

$237,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.74%

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) 8.00%
Vacancy 6.93%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,794

INVESTMENT

$68,794

Down Payment
$59,475
Rehab Estimate
$5,750
Closing Costs
$3,569

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,475
Loan Amount $178,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$20,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7703$1,8954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 140 Overland Trail Willow Park, TX 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.08
    •  
  • 177 Overland Trail Willow Park, TX 1
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2006
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 116 Pony Express Trail Willow Park, TX 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2012
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.12
    •  
  • 157 Overland Trail Willow Park, TX 4
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2007
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 208 Bay Hill Drive Willow Park, TX 5
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2011
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Alana Long
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475683
Last Updated: 11/21/2020
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