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2556 Weatherford Heights Drive 
Weatherford, TX
76087
3 Beds 2 Baths 1,861 sqft
Built 2017
INVESTimate
$266,500
List Price
$76,373
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $143.20
- 2 Days on Market
- MLS # : 14419036
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,861 sqft
- Baths : 2 full
Listing Agent
Living Real Estate Group
Listing Agent's Description
Like new, well kept, 3 CAR GARAGE and $10,000+ in upgrades!!! All in popular Weatherford Heights community. This home will impress both inside and out with great curb appeal, open concept with upgraded finishes and large back yard w extended patio. Built by Impression Homes, this floorplan features a spacious kitchen w over sized granite island (room for 4 barstools), abundant counter and cabinet space, large pantry, stainless appliances and opens to dining and living areas. Plenty of space for family and entertaining. 10 ft ceilings w great natural light. Active neighborhood w sidewalks, community pool and play area and great location in rapidly growing west Weatherford. Hurry to this one!
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: 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
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 | $1,990 |
| EXPENSES | Loan Payment | -$983 |
| Property Tax | -$567 | |
| Property Insurance | -$135 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$160
|
||
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.
$266,500
PROJECTED PRICE
$1,990
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,373
LOAN DETAILS
$983
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,625 |
| Loan Amount | $199,875 |
7.5
YEARS SAVED
$29,290
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,824
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2556 Weatherford Heights Drive Weatherford, TX 4
- 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,990
- $1.07
-
2214 Brandy Drive Weatherford, TX 1
- 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2010
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
-
2552 Old Buck Drive Weatherford, TX 2
- 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
-
2565 Weatherford Heights Drive Weatherford, TX 3
- 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2017
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
2537 Old Buck Drive Weatherford, TX 5
- 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2017
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
PROPERTY LISTING DETAILS
Living Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419036
Last Updated: 08/25/2020
