Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14551 Willow Bend Drive Justin, TX 76247

4 Beds 3 Baths 2,128 sqft Built 2002

$185,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $86.94
  • 1 Days on Market
  • MLS # : 14500668
  • Updated Date : 01/16/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 3 full
Listing Agent

Ginger & Associates, Llc

Listing Agent's Description

Welcome home. Everything is new, fresh & ready for a new owner. Terrific floorplan in this 4 bedroom, 3 full bath home. Large open living & dining, spacious kitchen with island connected to second living space that focuses on stacked stone wood burning fp. Tons of windows provide lots of light. Huge master suite with attached study, office, workout room or nursery. All new vanities & lights. Beautiful luxury laminate flooring in entire house. Fresh paint, new light fixtures, fresh painted cabinets & updated counter tops. New roof, fresh landscaping. Mostly new doors & hardware, new porch & steps. Easy access to 114 & 35. Northwest ISD. Over half an acre with circle drive & plenty of parking. Don't miss out.

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

Neighborhood: Willow Springs

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Willow Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10532171

* 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
W.r. Hatfield Elementary School Primary Regular 411 30 6
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

W.r. Hatfield Elementary School

  • Education Level: Primary
  • # of students: 411
  • # of teachers: 30
6
GreatSchools Rating

Gene Pike Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
7
GreatSchools Rating

Northwest High School

  • Education Level: High
  • # of students: 2,793
  • # of teachers: 170
6
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$643
Property Tax -$386
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
$213

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.

$185,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$25,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,6904$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 14551 Willow Bend Drive Justin, TX 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.70
    •  
  • 12140 Shine Avenue Rhome, TX 2
    • 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2006
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 12624 Kingsgate Dr Rhome, TX 3
    • 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2010
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.75
    •  
  • 12141 Shine Avenue Rhome, TX 4
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 12005 Arbor Lake Road Rhome, TX 5
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2007
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ginger Trimble Knox
Ginger & Associates, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500668
Last Updated: 01/16/2021
BESbswy