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307 Bryan Street Weatherford, TX 76086

3 Beds 2 Baths 1,750 sqft Built 9999

$269,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 9999
  • Price/Sqft : $153.71
  • 3 Days on Market
  • MLS # : 14531577
  • Updated Date : 03/12/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

The Cates Group

Listing Agent's Description

Incredible newly renovated home in the heart of one of Weatherford's historic districts! In 2020 this home was taken down to the foundation and completely remodeled. The perfect blend of newer construction using some of the original ship lap and bead board to provide awesome design features that will wow your guests. You will love the vintage feel along with the energy efficiency that comes with newer construction! Shot gun layout allows for a huge dining area off the kitchen. Gorgeous splashes of color in the kitchen will anchor the whole living area! Spacious bath in the owner's retreat with amazing walk in shower, and bead board design gives you such a beautiful unique home. Towering trees and awesome yard!

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: 76086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k258k

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

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611734

* 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
Hall Middle School Middle Regular 592 41 5
Weatherford High School High Regular 2,238 148 6
Whs Ninth Grade Center High Regular NA

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

Whs Ninth Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$934
Property Tax -$572
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$544

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.

$269,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$24

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,301

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1903$1,3954$1,500
$1,500
RENT COMPS ANALYSIS
  • 307 Bryan Street Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 9999 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 9999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.68
    •  
  • 116 W Lee Avenue Weatherford, TX 1
    • 3 beds 1 baths ∙ 1,651 Sqft ∙ Built 9999 3 beds 1 baths ∙ 1,651 Sqft ∙ Built 9999
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.61
    •  
  • 303 S Elm Street Weatherford, TX 3
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 9999 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 9999
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 416 E Akard Weatherford, TX 4
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 9999 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 9999
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
PROPERTY LISTING DETAILS
Heather Kingston
The Cates Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531577
Last Updated: 03/12/2021
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