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3337 Acorn Hill Trail Weatherford, TX 76087

4 Beds 3 Baths 2,650 sqft Built 2020

$459,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 19, 2020 RECENTLY ADDED
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

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: 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
Mary Martin Elementary School Primary Regular 590 34 5
Mary Martin Elementary School Middle Regular 590 34 5
Weatherford High School High Regular 2,238 148 6

Mary Martin Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Mary Martin Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Weatherford High School

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

$413,910$505,890$459,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$123,874

INVESTMENT

$123,874

Down Payment
$114,975
Rehab Estimate
$2,000
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

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
$2,195
1$2,1952$2,2003$2,5104$2,595
$2,595
RENT COMPS ANALYSIS
  • 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
Ryan Henning
Ready Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473951
Last Updated: 11/19/2020
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