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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $162.64
- 6 Days on Market
- MLS # : 14489399
- Updated Date : 12/22/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,906 sqft
- Baths : 2 full
Listing Agent
Weichert Realtors, Team Realty, Weatherford
Listing Agent's Description
Enjoy tranquil country living in this beautiful 3 bedroom 2 bathroom home in sought after Greenwood Estates. Exterior features include covered porches with scenic views, 20 X 16 shop with electric for him, She Shed storage unit with electric for her, solar panels, a metal and pipe no climb fence, outdoor living with firepit and an abundance of trees. The interior offers three large bedrooms, two baths, eat in kitchen, majestic fireplace, oversized laundry facility with plenty of room for an additional refrigerator or freezer. Home is conveniently located near Weatherford Square, shopping, schools and has easy access to I-20. Don't miss this opportunity to have country charm just outside of town.
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: 76088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$660 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$40
|
||
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.
$310,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
4
YEARS SAVED
$13,843
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
250 Ellis Drive Weatherford, TX 2
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
108 Deerfield Boulevard Weatherford, TX 1
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2015
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,400
- $0.88
PROPERTY LISTING DETAILS
Weichert Realtors, Team Realty, Weatherford
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489399
Last Updated: 12/22/2020
