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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $147.60
- 4 Days on Market
- MLS # : 14479285
- Updated Date : 12/03/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,897 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
OPEN HOUSE SUNDAY 2-4! Welcome home in the lovely 3 bed, 2 bath plus study with NO HOA! The functional layout offers the first two bedrooms, full bath, & office in the front & owners retreat in the back. The wood-like tile floors throught the living areas make cleanup easy! Gleaming white kitchen has plenty of prep space, walk-in pantry, & beautiful granite. Dining space offers tons of natural light. The owner's bedroom looks out on the backyard. It offers a large granite double vanity with walk-in shower, & a fantastic walk-in closet. The spacious utility room has room for an additional pantry or fridge. Window treatments have been added throughout. This home has been well maintained and still feels like new!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Zip Code: 76086
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76086
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$596 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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.
$280,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
2.5
YEARS SAVED
$6,424
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,082
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1629 Town Creek Circle Weatherford, TX 2
- 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
1306 Timber Creek Drive Weatherford, TX 1
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
324 Jade Lane Weatherford, TX 3
- 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2008
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,995
- $1.16
-
109 Thousand Oaks Circle Weatherford, TX 4
- 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1999
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,100
- $1.15
-
1809 Town Creek Circle Weatherford, TX 5
- 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2017
LEASED 06/04/19- Rent
- Rent Per SQFT
- $2,300
- $1.04
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479285
Last Updated: 12/03/2020
