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312 Leeward Circle Azle, TX 76020

4 Beds 3 Baths 3,090 sqft Built 1998

$450,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $145.63
  • 6 Days on Market
  • MLS # : 14468415
  • Updated Date : 11/11/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,090 sqft
  • Baths : 2 full , 1 half
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

THIS is the perfect house for a lockdown! Plenty of live, work and play space indoors and out! With Eagle Mountain Lake just past your backyard, you can watch entire families of deer run to the lake! Or the community dock and boat ramp make launching your jet skis a breeze! Downstairs there is a home office as well as a built in desk off the master. One of the upstairs bedrooms has a flex space for a great play or tv room. Master is down and opens to the back deck with a lovely view of the lake. Updated kitchen, woodburning fireplace, upstairs loft. Outdoor kitchen, pergola and deck plus the refinished quartz pool, outdoor kitchen & bar and spa with water feature complete the beautifully landscaped, grand lot.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Neighborhood: Oak Harbor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k318k

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

Neighborhood: Oak Harbor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9122232

* 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
Walnut Creek Elementary School Primary Regular 510 28 6
Forte Junior High School Middle Regular 448 28 5
Azle High School High Regular 1,742 107 7

Walnut Creek Elementary School

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 28
6
GreatSchools Rating

Forte Junior High School

  • Education Level: Middle
  • # of students: 448
  • # of teachers: 28
5
GreatSchools Rating

Azle High School

  • Education Level: High
  • # of students: 1,742
  • # of teachers: 107
7
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,660
Property Tax -$979
Property Insurance -$206
HOA -$19
Property Management Fees -$99
CASH FLOW
-$753

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$3

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,514

    COMP ESTIMATED VALUE
  • $0.49

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$2,210
$2,210
RENT COMPS ANALYSIS
  • 312 Leeward Circle Azle, TX 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.72
    •  
  • 797 Jarvis Lane Azle, TX 1
    • 4 beds 2 baths ∙ 2,858 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,858 Sqft ∙ Built 1985
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.49
    •  
PROPERTY LISTING DETAILS
Ashley Robbins Gonzales
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468415
Last Updated: 11/11/2020
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