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4109 Wellington Drive Colleyville, TX 76034

4 Beds 4 Baths 3,251 sqft Built 1995

$535,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $164.56
  • 3 Days on Market
  • MLS # : 14466998
  • Updated Date : 11/06/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,251 sqft
  • Baths : 3 full , 1 half
Listing Agent

Savvy Way Realty, Inc

Listing Agent's Description

Updated family home in great neighborhood in gcisd! swimming pool, 4 bedrooms 3.5 baths. Master and one bed or office down with 2 beds and jack and Jill bath up along with game room. Plz only serious buyers!! Pre qualified or proof of funds plz to show this home.

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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: Bridlewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Bridlewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263549

* 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
Bransford Elementary School Primary Regular 425 30 10
Colleyville Middle School Middle Regular 725 40 9
Grapevine High School High Regular 2,015 129 7

Bransford Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 30
10
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Grapevine High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 129
7
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$1,974
Property Tax -$1,031
Property Insurance -$215
HOA -$42
Property Management Fees -$99
CASH FLOW
-$110

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.

$535,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$21,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,430

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,2503$3,4004$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 4109 Wellington Drive Colleyville, TX 2
    • 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.00
    •  
  • 3820 Wimbleton Court Bedford, TX 1
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1978
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.10
    •  
  • 613 Colleyville Terrace Colleyville, TX 3
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.09
    •  
  • 3103 River Bend Drive Colleyville, TX 4
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2001
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.01
    •  
  • 4805 Lakewood Drive Colleyville, TX 5
    • 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Will Puente
Savvy Way Realty, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466998
Last Updated: 11/06/2020
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