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4128 Willingham Court Fort Worth, TX 76244

4 Beds 4 Baths 4,202 sqft Built 2002

$519,900

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $123.73
  • 4 Days on Market
  • MLS # : 14521241
  • Updated Date : 02/26/2021 at 08:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,202 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This beautiful home has it all! Culdesac lot, 3-car garage, media room, first floor master suite, office, & hardwood floors. The open island kitchen is elegantly appointed with granite counters, 5-burner gas cooktop, painted & glass cabinets, stainless appliances, built-in desk, and pantry. Desirable plan with master suite and guest suite downstairs. Gorgeous wall of windows in family room makes the home light and bright. Fantastic covered outdoor living space with built in grill, burners, fridge, and fireplace. Upstairs features media room equipped with 10 seats, projector, & screen, plus gameroom, cards room, & 2 bedrooms with Jack-n-Jill bathroom. 2 staircases. Low maintenance backyard with raised planters.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192376

* 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
Bette Perot Elementary School Primary Regular 666 42 9
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Bette Perot Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$467,910$571,890$519,900

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,806
Property Tax -$1,192
Property Insurance -$270
HOA -$33
Property Management Fees -$99
CASH FLOW
-$560

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.

$519,900

PROJECTED PRICE

$2,840

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) 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

PROJECTED ANNUAL CASH FLOW

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

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$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,899

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8404$3,000
$3,000
RENT COMPS ANALYSIS
  • 4128 Willingham Court Fort Worth, TX 3
    • 4 beds 4 baths ∙ 4,202 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,202 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.68
    •  
  • 9720 Barksdale Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.68
    •  
  • 10252 Paintbrush Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.62
    •  
  • 4000 Vernon Way Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kim Assaad
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521241
Last Updated: 02/26/2021
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