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225 King Arthur Drive 
Weatherford, TX
76086
3 Beds 2 Baths 1,356 sqft
Built 1998
INVESTimate
$199,900
List Price
$58,724
REQUEST INFO
SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $147.42
- 1 Days on Market
- MLS # : 14420978
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,356 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
You cannot ask for a more perfect opportunity. This lovely well kept home has new floors and fresh paint, a nicely upgraded kitchen, and new AC system installed just a few years ago. This is a very quaint neighborhood with no HOA. The back yard backs up to a greenbelt, so lots of privacy in the back.
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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$425 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
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.
$199,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.87% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
5.33
YEARS SAVED
$13,102
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,414
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
225 King Arthur Drive Weatherford, TX 1
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,400
- $1.03
-
1838 Laura Street Weatherford, TX 2
- 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2001
LEASED 07/19/19- Rent
- Rent Per SQFT
- $1,450
- $1.12
-
108 Guinevere Court Weatherford, TX 3
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1986
LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.99
-
1309 Pamela Drive Weatherford, TX 4
- 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1991
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,500
- $1.02
-
1306 Timber Creek Drive Weatherford, TX 5
- 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
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420978
Last Updated: 08/26/2020
