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2051 Willow Bend Drive Oak Leaf, TX 75154

4 Beds 4 Baths 3,269 sqft Built 2013

$609,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $186.30
  • 7 Days on Market
  • MLS # : 14467762
  • Updated Date : 11/13/2020 at 05:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,269 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Realty Group

Listing Agent's Description

WHY BUILD WHEN THIS BEAUTIFUL CUSTOM HOME IS READY TO RECEIVE IT'S NEW OWNERS. This gem has all the amenities including minutes from I-35 and close to downtown Dallas. The kitchen is a cook's dream w dbl ovens, lots of counter space, custom soft close drawers and pull out shelves. Gorgeous entry area to welcome your guests, wonderful architectural arches show casing the dining room. The master bedroom is huge with sitting area to relax and snuggle up with a great book. The backyard is incredible w pool, fire pit, outside kitchen. The pond has been stocked w fish. Open backyard helps you enjoy the beauty of the landscape and the sunsets...the pictures tell the story. This is a dream of a home and setting.

SEE MORE

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: 75154

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $116k299k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10152295

* 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
D.t. Shields Elementary School Primary Regular 563 33 6
Red Oak Junior High School Middle Regular 872 52 6
Red Oak High School High Regular 1,794 115 5

D.t. Shields Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Red Oak Junior High School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 52
6
GreatSchools Rating

Red Oak High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 115
5
GreatSchools Rating
 

$548,100$669,900$609,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,247
Property Tax -$1,177
Property Insurance -$216
Property Management Fees -$99
CASH FLOW
-$1,109

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.

$609,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,135

INVESTMENT

$167,135

Down Payment
$152,250
Rehab Estimate
$5,750
Closing Costs
$9,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,250
Loan Amount $456,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,779

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,285
1$2,2852$2,5953$2,6304$2,700
$2,700
RENT COMPS ANALYSIS
  • 2051 Willow Bend Drive Oak Leaf, TX 3
    • 4 beds 4 baths ∙ 3,269 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,269 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.80
    •  
  • 219 Jacob Court Glenn Heights, TX 1
    • 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,942 Sqft ∙ Built 2001
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.78
    •  
  • 1908 Willow Bend Drive Oak Leaf, TX 2
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2004
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.88
    •  
  • 308 Moses Drive Glenn Heights, TX 4
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2016
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Virginia Jilbert
Re/max Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467762
Last Updated: 11/13/2020
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