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2229 Kaitlyn Drive Weatherford, TX 76087

3 Beds 2 Baths 1,612 sqft Built 2011

$260,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $161.29
  • 3 Days on Market
  • MLS # : 14476111
  • Updated Date : 11/27/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Century 21 Property Advisors

Listing Agent's Description

Beautifully decorated home in Weatherford, close to it all with easy access to I20. The kitchen offers granite countertops, slide out drawers in cabinets. The home boasts vaulted ceilings, crown molding, arched openings and decorative niches to display your treasures. The split floorplan offers generous closet space with built ins in all. The generously sized master offers an en-suite with a luxurious rain shower and jetted tub in which to soak your cares of the day away. Wooden blinds adorn all the windows on the interior and solar screens help with energy efficiency on the exterior. In the backyard there is a quaint covered patio, new fencing and workshop with electricity. Call to book your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11212171

* 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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$959
Property Tax -$553
Property Insurance -$120
HOA -$20
Property Management Fees -$99
CASH FLOW
-$222

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.

$260,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,6953$1,7004$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2229 Kaitlyn Drive Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 2217 Brandy Drive Weatherford, TX 2
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2008
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 2210 Brandy Drive Weatherford, TX 3
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2010
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 2214 Brandy Drive Weatherford, TX 4
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2010
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 2552 Old Buck Drive Weatherford, TX 5
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2018
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jennifer Reed
Century 21 Property Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476111
Last Updated: 11/27/2020
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