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1410 Sloan Street Weatherford, TX 76086

3 Beds 2 Baths 1,144 sqft Built 1981

$179,500

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $156.91
  • 4 Days on Market
  • MLS # : 14373125
  • Updated Date : 10/31/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Evans & Williams Realty Group, Llc

Listing Agent's Description

Wonderful 3,2 Brick Home In Mature Neighborhood Near College. Nicely Maintained Large Backyard With 24X24 Workshop, Chain Link Fence, Huge Pecan Tree And Covered Patio. Pleasant Landscaping In Front. Master Bath Is Handicap Accessible With Walk In Low Access Shower And 3.0 Doors. All Bedrooms Have Walk In Closets And Ceiling Fans. Large Living Room And Cozy Dining Area. Nice Workable Kitchen With Breakfast Bar. Laundry In Garage. Bring Your First Time Homebuyers Or Those That Want To Downsize.

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
Stephen F. Austin Elementary School Primary Regular 579 35 6
Stephen F. Austin Elementary School Middle Regular 579 35 6
Weatherford High School High Regular 2,238 148 6

Stephen F. Austin Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 35
6
GreatSchools Rating

Stephen F. Austin Elementary School

  • Education Level: Middle
  • # of students: 579
  • # of teachers: 35
6
GreatSchools Rating

Weatherford High School

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

$161,550$197,450$179,500

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$662
Property Tax -$382
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
$43

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.

$179,500

PROJECTED PRICE

$1,280

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,318

INVESTMENT

$53,318

Down Payment
$44,875
Rehab Estimate
$5,750
Closing Costs
$2,693

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$662

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,875
Loan Amount $134,625
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$13,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,276

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3953$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 1410 Sloan Street Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.12
    •  
  • 603 E Anderson Street Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1965
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 1303 Lynn Street Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1965
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
  • 306 W Park Avenue Weatherford, TX 4
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1962
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 1349 Timber Creek Drive Weatherford, TX 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 2000
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
Cynthia Williams
Evans & Williams Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14373125
Last Updated: 10/31/2020
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