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2725 Willing Avenue Fort Worth, TX 76110

4 Beds 3 Baths 2,827 sqft Built 2015

$500,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $176.87
  • 6 Days on Market
  • MLS # : 14494222
  • Updated Date : 01/06/2021 at 10:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,827 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Best of both worlds in historically-designated Ryan Place. Low-cost maintenance and energy efficiency of a newer construction in a sought after neighborhood with historic charm and grandeur. Minutes away from TCU, Magnolia Avenue, Downtown Fort Worth, Medical district, and Cultural Districts. Newer construction with craftsman front elevation features: large front porch, low-E windows, hardwood floors, recessed lighting, wrought iron stairs, a chef's kitchen with KitchenAid range, large pantry, granite countertops, and a breakfast bar. Master and office downstairs offers privacy from secondary bedrooms and game room upstairs. Deep driveway to detached garage with huge attic for extra storage.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Ryan Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $88k328k

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

Neighborhood: Ryan Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8881982

* 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
E.m. Daggett Elementary School Primary Regular 792 40 4
Daggett Middle School Middle Regular 443 35 4
R.l. Paschal High School High Regular 2,610 162 6

E.m. Daggett Elementary School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 40
4
GreatSchools Rating

Daggett Middle School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 35
4
GreatSchools Rating

R.l. Paschal High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 162
6
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$1,737
Property Tax -$1,146
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
$48

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.

$500,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,816

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,220
1$3,2202$3,4003$4,000
$4,000
RENT COMPS ANALYSIS
  • 2725 Willing Avenue Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,827 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $1.14
    •  
  • 2516 Frazier Avenue Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2016
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.27
    •  
  • 2825 Gordon Avenue Fort Worth, TX 3
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Marcus Ku
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494222
Last Updated: 01/06/2021
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