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

1544 Signature Drive Weatherford, TX 76087

4 Beds 4 Baths 3,372 sqft Built 2018

$369,500

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $109.58
  • 4 Days on Market
  • MLS # : 14503572
  • Updated Date : 01/21/2021 at 20:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,372 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

Pride of ownership doesn't begin to describe this beautiful, well maintained home in the Silverstone at Pearson Ranch subdivision. Huge master bedroom with large master bath featuring garden tub, separate shower and walk-in closet. Upstairs features a bonus room, Jack n Jill bedrooms on one side with a separate bedroom and bathroom on the other side. Home office downstairs with separate entrance and patio. Gorgeous kitchen with island for seating, coffee bar, double ovens and walk-in pantry, perfect for entertaining. Open floorplan with spacious living room and wood burning fireplace. Call for a showing today!

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: 76087

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11212171

* 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
Mary Martin Elementary School Primary Regular 590 34 5
Mary Martin Elementary School Middle Regular 590 34 5
Weatherford High School High Regular 2,238 148 6

Mary Martin Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Mary Martin Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Weatherford High School

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

$332,550$406,450$369,500

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,283
Property Tax -$786
Property Insurance -$222
HOA -$28
Property Management Fees -$99
CASH FLOW
$131

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.

$369,500

PROJECTED PRICE

$2,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$25,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,883

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6503$2,950
$2,950
RENT COMPS ANALYSIS
  • 1544 Signature Drive Weatherford, TX 1
    • 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.76
    •  
  • 514 Saddle Ridge Trail Weatherford, TX 2
    • 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
  • 3516 Wild Turkey Trail Weatherford, TX 3
    • 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2014
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lori Hankins
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503572
Last Updated: 01/21/2021
BESbswy