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

1523 Cottonwood Lane Weatherford, TX 76086

3 Beds 2 Baths 1,416 sqft Built 9999

$235,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 9999
  • Price/Sqft : $165.96
  • 4 Days on Market
  • MLS # : 14507449
  • Updated Date : 01/30/2021 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Bring your horses and let the kids play outside! This charming 3bdrm, 2 bath home sits on just shy of 2 acres. Spacious rooms. The whole HVAC was replaced in July 2020. Great location close to everything located including I-20 and downtown Weatherford. What a great starter home! All offers to be submitted by 6:00 Sunday. Jan. 31st.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$211,500$258,500$235,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$816
Property Tax -$500
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$424

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.

$235,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$7.0k-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,048

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1003$1,395
$1,395
RENT COMPS ANALYSIS
  • 1523 Cottonwood Lane Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 9999
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 116 W Lee Avenue Weatherford, TX 1
    • 3 beds 1 baths ∙ 1,651 Sqft ∙ Built 9999 3 beds 1 baths ∙ 1,651 Sqft ∙ Built 9999
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.61
    •  
  • 303 S Elm Street Weatherford, TX 3
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 9999 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 9999
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lynae Amason
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 #: 14507449
Last Updated: 01/30/2021
BESbswy