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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,668
LOAN DETAILS
$1,283
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,375 |
| Loan Amount | $277,125 |
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
-
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
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503572
Last Updated: 01/21/2021
