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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $129.00
- 4 Days on Market
- MLS # : 14479954
- Updated Date : 12/03/2020 at 12:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,131 sqft
- Baths : 2 full
Listing Agent
The Platinum Group Real Estate
Listing Agent's Description
Located near I-20, shopping, restaurants, and entertainment is this 4BR, 2BA home in Lockwood Estates. Situated on an oversized lot this property features a fenced backyard, beautiful landscaping, and an outdoor kitchen under the covered patio, leaving plenty for a storage shed or play structure. Inside the split bedroom design provides privacy while also allowing for each of the spacious bedrooms to have an abundance of natural light. Cozy up next to the wood-burning fireplace during the cold winter nights. The kitchen and dining area are located near the living room providing a semi open floor plan allowing for entertainment to be a breeze. The 4th bedroom would also make a great office. No H.O.A.
SEE MORE
- 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: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$585 | |
| Property Insurance | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$291
|
||
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.
$274,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
9.67
YEARS SAVED
$44,370
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,333
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2362 Trace Ridge Drive Weatherford, TX 3
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,140
- $1.00
-
416 Lockwood Lane Weatherford, TX 1
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2014
LEASED 07/03/19- Rent
- Rent Per SQFT
- $1,745
- $0.97
-
109 Thousand Oaks Circle Weatherford, TX 2
- 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1999
LEASED 07/25/19- Rent
- Rent Per SQFT
- $2,100
- $1.15
-
1901 Clear Creek Drive Weatherford, TX 4
- 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2019
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,300
- $1.14
-
629 Zachary Drive Weatherford, TX 5
- 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 2018
LEASED 11/10/20- Rent
- Rent Per SQFT
- $2,400
- $1.12
PROPERTY LISTING DETAILS
The Platinum Group Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479954
Last Updated: 12/03/2020
