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197 Breeders Drive Willow Park, TX 76087

3 Beds 3 Baths 2,187 sqft Built 2017

INVESTimate

$313,000

List Price

$2,220

$1,998 - $2,442

Rent Est.

$331,749  ( +5.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $143.12
  • 2 Days on Market
  • MLS # : 14419913
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,187 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prime Realty, Llc

Listing Agent's Description

ALEDO ISD! Beautiful 3 bedroom PLUS OFFICE, 2.5 bath home situated on one of the most PRIVATE lots in Meadow Place. OPEN CONCEPT with split-bedroom layout. Gorgeous kitchen features granite countertops, stainless steel appliances, decorative lighting, ample storage, walk-in pantry and large island & bar PERFECT for entertaining. Living room boasts tons of NATURAL LIGHTING and wood burning fireplace. Large bedrooms and secondary bedrooms share Jack-n-Jill bathroom. Backyard offers privacy as well as a CUSTOM flagstone EXTENDED PORCH and FIRE PIT! Deer and turkey frequent the greenspace just beyond the back fence! This energy-efficient, immaculate home is a MUST SEE. PRICED TO SELL QUICKLY!

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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: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Raymond E. Curtis Elementary School Primary Regular 716 47 6
Raymond E. Curtis Elementary School Middle Regular 716 47 6
Weatherford High School High Regular 2,238 148 6

Raymond E. Curtis Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Raymond E. Curtis Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Weatherford High School

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

$281,700$344,300$313,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,155
Property Tax -$666
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$147

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.

$313,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,695

INVESTMENT

$88,695

Down Payment
$78,250
Rehab Estimate
$5,750
Closing Costs
$4,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,155

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,250
Loan Amount $234,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$31,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,220
$2,220
RENT COMPS ANALYSIS
  • 197 Breeders Drive Willow Park, TX 2
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.02
    •  
  • 105 Breeders Drive Willow Park, TX 1
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Brandy Bodenhamer
Prime Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419913
Last Updated: 08/25/2020
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