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2312 Williston Court Fort Worth, TX 76108

4 Beds 2 Baths 1,600 sqft Built 2019

$234,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $146.25
  • 4 Days on Market
  • MLS # : 14539606
  • Updated Date : 03/26/2021 at 10:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Ginger & Associates, Llc

Listing Agent's Description

A barley lived in home that shows like new. Open floor plan that features great space utilization. 4 bedrooms, all split with 2 full baths. Large living, dining & kitchen. Beautiful granite social island, all stainless appliances, including refrigerator & gas cook top. Lots of cabinet space & pantry. Lots of windows with solar shades or black out shades in bedrooms. Covered patio to enjoy the open view of the green space and hillside. Terrific location in this new community within walking distance to the community pool. Quiet cul-du- sac. This home is truly like new with many of the rooms have never been used. Home has been occupied about a total of 5 months! Get it at pre- owned prices! Must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$813
Property Tax -$536
Property Insurance -$120
HOA -$38
Property Management Fees -$99
CASH FLOW
$155

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.

$234,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$800k

PROJECTED ANNUAL CASH FLOW

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

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$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$21,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5954$1,6755$1,760
$1,760
RENT COMPS ANALYSIS
  • 2312 Williston Court Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.10
    •  
  • 10241 Brea Canyon Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1999
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 2504 Ensenada Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2002
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 9904 Fressia Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2007
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.07
    •  
  • 2733 Briscoe Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2003
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ginger Trimble Knox
Ginger & Associates, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539606
Last Updated: 03/26/2021
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