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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $173.55
- 4 Days on Market
- MLS # : 14473951
- Updated Date : 11/19/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,650 sqft
- Baths : 3 full
Listing Agent
Ready Real Estate Llc
Listing Agent's Description
Gorgeous new home in the sought after Lakeway Estates Subdivision! 4 Bedrooms, 3 Baths, 3 Car Garage. Minutes from Lake Weatherford, close to the Shops of Willow Park & HEB, and 15 minutes from Fort Worth. Open floor plan with modern farmhouse finishes. Kitchen has a gas range, double oven, quartz counter tops, built-in microwave, oversized island, walk-in pantry, and breakfast area. Living area has a tray ceiling, wood beams, and gas fireplace. Master suite with separate vanities, walk-in shower, freestanding tub, & two huge closets. Flex space for office or 5th bedroom. Split floorplan with 3 secondary bedrooms, covered patio, attic storage, spray foam insulation, and an energy star rated HVAC system!
SEE MORE
- 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: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$979 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$445
|
||
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.
$459,900
PROJECTED PRICE
$2,510
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,874
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
0.67
YEARS SAVED
$1,410
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,456
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3337 Acorn Hill Trail Weatherford, TX 3
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,510
- $0.95
-
1540 Stetson Drive Weatherford, TX 1
- 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2012
LEASED 07/30/19- Rent
- Rent Per SQFT
- $2,195
- $0.91
-
123 Crestview Drive Hudson Oaks, TX 2
- 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
1624 Salado Trail Weatherford, TX 4
- 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,595
- $0.97
PROPERTY LISTING DETAILS
Ready Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473951
Last Updated: 11/19/2020
