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145 Winged Foot Drive Willow Park, TX 76008

4 Beds 2 Baths 1,986 sqft Built 2012

$275,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $138.47
  • 3 Days on Market
  • MLS # : 14504093
  • Updated Date : 01/22/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Charitable Realty

Listing Agent's Description

Pride of Ownership Abounds in this immaculate 4.2 in Aledo ISD! The covered porch welcomes you into the large living room with high pitched ceiling & gas fireplace. The eat in kitchen has room enough for your breakfast table & bar stools. Granite tops & wood cabinets highlight fresh neutral paint & farmhouse styling. Walk out onto the large covered patio with high privacy fencing. The split layout affords privacy as the master suite is opposite secondary beds. The large master has a soaking tub, separate shower & walk in closet. 4th Bed could be Study. All secondary beds are spacious with colorful decor. Owners added Rock Landscape, French Drain, RO Soft Water System, & Stained Kitchen Cabinets. New Roof 2020.

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: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262738

* 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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$955
Property Tax -$629
Property Insurance -$142
HOA -$15
Property Management Fees -$99
CASH FLOW
$280

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.

$275,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$35,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,120

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1203$2,1504$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 145 Winged Foot Drive Willow Park, TX 2
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.07
    •  
  • 112 Firestone Drive Willow Park, TX 1
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
  • 121 Firestone Drive Willow Park, TX 3
    • 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,997 Sqft ∙ Built 2011
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.08
    •  
  • 108 Sawgrass Drive Willow Park, TX 4
    • 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 2007
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.08
    •  
  • 182 Winged Foot Drive Willow Park, TX 5
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2011
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Lori Fowler
Charitable Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504093
Last Updated: 01/22/2021
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