Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2516 Weatherford Heights Drive Weatherford, TX 76087

4 Beds 2 Baths 2,092 sqft Built 2018

$295,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $141.01
  • 6 Days on Market
  • MLS # : 14479079
  • Updated Date : 12/01/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Rj Williams & Company Re Llc

Listing Agent's Description

Gorgeous Antares home in the sought after Weatherford Heights Estates. This home has 3 bedrooms with optional 4 or a study. 2 living areas and a huge kitchen perfect for entertaining. Well- kept with tons of upgrades, beautiful landscape, added built in cabinets for storage, and a cozy fire pit, perfect for this season!!

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: 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
Bill W. Wright Elementary School Primary Regular 663 45 4
Hall Middle School Middle Regular 592 41 5
Weatherford High School High Regular 2,238 148 6

Bill W. Wright Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 45
4
GreatSchools Rating

Hall Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 41
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,088
Property Tax -$628
Property Insurance -$148
HOA -$46
Property Management Fees -$99
CASH FLOW
$21

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.

$295,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.69%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,029

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,0004$2,0305$2,095
$2,095
RENT COMPS ANALYSIS
  • 2516 Weatherford Heights Drive Weatherford, TX 4
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.97
    •  
  • 2552 Old Buck Drive Weatherford, TX 1
    • 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
    •  
  • 1016 Deer Valley Drive Weatherford, TX 2
    • 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2019
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 2537 Old Buck Drive Weatherford, TX 3
    • 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2017
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 1040 Deer Valley Drive Weatherford, TX 5
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2019
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
PROPERTY LISTING DETAILS
Brenay Lee
Rj Williams & Company Re Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479079
Last Updated: 12/01/2020
BESbswy