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329 Paloma Weatherford, TX 76087

4 Beds 2 Baths 1,868 sqft Built 2020

$279,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $149.84
  • 2 Days on Market
  • MLS # : 14467466
  • Updated Date : 11/06/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Awesome floorplan, open spaces with lots of room, open kitchen to Family room, with interior Fireplace, isolated master bedroom, total of 4 bedrooms and a study. Many upgrades, including granite, luxury vinyl flooring, an absolute must see for this price and this new neighborhood!

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11212171

* 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
Raymond E. Curtis Elementary School Primary Regular 716 47 6
Raymond E. Curtis Elementary School Middle Regular 716 47 6
Weatherford High School High Regular 2,238 148 6

Raymond E. Curtis Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Raymond E. Curtis Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,033
Property Tax -$596
Property Insurance -$135
HOA -$25
Property Management Fees -$99
CASH FLOW
$13

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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$900k

PROJECTED ANNUAL CASH FLOW

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

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$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7603$1,8004$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 329 Paloma Weatherford, TX 5
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 321 Jade Lane Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2009
    property image
    LEASED 08/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 1440 Vine Street Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2017
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.08
    •  
  • 130 Hummingbird Drive Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 611 N Rusk Street Weatherford, TX 4
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2019
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
PROPERTY LISTING DETAILS
Debbie Ozee
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467466
Last Updated: 11/06/2020
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