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307 Bay Hill Court Willow Park, TX 76008

4 Beds 2 Baths 2,242 sqft Built 2008

$304,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $135.99
  • 5 Days on Market
  • MLS # : 14503539
  • Updated Date : 01/20/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 2 full
Listing Agent

Listing Results, Llc

Listing Agent's Description

Aledo ISD! Willow Park Village. Gorgeous four bedroom, two full baths with office. Open floor plan with tons of natural light in living room and kitchen, custom hand-scraped hardwood floors in living and master. Granite counters, stainless appliances, garden tub, master walk-in closet, security system, full sprinkler and landscaping, large back patio. Cul-de-sac location with no through traffic! Neighborhood playground and basketball court. Close to shopping and dining! Move in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262738

* 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
Coder Elementary School Primary Regular 425 27 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Coder Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 27
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,059
Property Tax -$698
Property Insurance -$157
HOA -$17
Property Management Fees -$99
CASH FLOW
$281

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.

$304,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$37,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3004$2,3005$2,310
$2,310
RENT COMPS ANALYSIS
  • 307 Bay Hill Court Willow Park, TX 5
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.03
    •  
  • 182 Winged Foot Drive Willow Park, TX 1
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2011
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 178 Winged Foot Drive Willow Park, TX 2
    • 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 2011
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 248 Spyglass Drive Willow Park, TX 3
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2012
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 109 Sawgrass Drive Willow Park, TX 4
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2008
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jack Mclemore
Listing Results, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503539
Last Updated: 01/20/2021
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