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1406 Westbriar Drive Weatherford, TX 76086

4 Beds 3 Baths 1,574 sqft Built 1992

$209,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $132.78
  • 4 Days on Market
  • MLS # : 14501541
  • Updated Date : 01/27/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,574 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rj Williams & Company Re Llc

Listing Agent's Description

Priced to sell!! Property is being sold AS IS and needs cosmetic updating. New roof in May 2020. New HVAC in 2018 and newer water heater. Located in the Westwood Estates subdivision in Weatherford ISD. Don't miss out on this one!!

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: 76086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k258k

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

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611734

* 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
Hall Middle School Middle Regular 592 41 5
Weatherford High School High Regular 2,238 148 6
Whs Ninth Grade Center High Regular NA

Hall Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 41
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating

Whs Ninth Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$726
Property Tax -$445
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$252

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.

$209,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$726

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$30,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,6004$1,6405$1,700
$1,700
RENT COMPS ANALYSIS
  • 1406 Westbriar Drive Weatherford, TX 4
    • 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.04
    •  
  • 1216 Dirkson Street Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1979
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.05
    •  
  • 1216 Julie Street Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1977
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 106 Water Oak Lane Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 1447 Shadow Run Weatherford, TX 5
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1994
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Nate Galata
Rj Williams & Company Re Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501541
Last Updated: 01/27/2021
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