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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $159.09
- 6 Days on Market
- MLS # : 14461694
- Updated Date : 12/08/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 2 full
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. Gorgeous single-story home on a spacious lot with mature landscaping, a two-car garage, and in close proximity to a park, schools, and shopping. Impressive living room with slate flooring and a recessed ceiling with crown molding; a feature that carries to the master suite. There is a fireplace and the living room is open to the dining area and kitchen with a breakfast bar, tile counters, and backsplash. The master suite has a bay window, a walk-in closet, and a luxurious en suite bathroom. The guest bedrooms are of a good size with carpet and large windows. Covered patio and private yard. The home is cleaned and disinfected on a regular basis.
SEE MORE
- . 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: 76088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$839 |
| Property Tax | -$484 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$227,500
PROJECTED PRICE
$1,600
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$66,038
LOAN DETAILS
$839
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,875 |
| Loan Amount | $170,625 |
6.17
YEARS SAVED
$18,647
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,509
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1869 Sandpiper Drive Weatherford, TX 1
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,600
- $1.12
-
1440 Vine Street Weatherford, TX 2
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017
LEASED 06/20/19- Rent
- Rent Per SQFT
- $1,760
- $1.08
-
130 Hummingbird Drive Weatherford, TX 3
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,800
- $1.03
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14461694
Last Updated: 12/08/2020
