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421 Gray Wolf Trail Hudson Oaks, TX 76087

3 Beds 3 Baths 2,736 sqft Built 2007

$410,500

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $150.04
  • 4 Days on Market
  • MLS # : 14519300
  • Updated Date : 02/25/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,736 sqft
  • Baths : 2 full , 1 half
Listing Agent

Social Realty, Llc

Listing Agent's Description

Incredible home in Red Eagle Estates in Hudson Oaks with 3 bed, 2.5 bath and media room! Open concept plan with large living room with stone fireplace that opens to gorgeous kitchen with two large islands, breakfast bar, wine fridge and plenty of counter space. Great for entertaining friends and family! Amazing backyard has huge outdoor living space with fireplace. Expansive lot with plenty of room to run and play! Great location with easy access to I-20, Weatherford, & Ft Worth! This home is a must see!

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*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262325

* 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
Tison Middle School Middle Regular 554 39 5
Weatherford High School High Regular 2,238 148 6
Whs Ninth Grade Center High Regular NA

Tison Middle School

  • Education Level: Middle
  • # of students: 554
  • # of teachers: 39
5
GreatSchools Rating

Weatherford High School

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

Whs Ninth Grade Center

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

$369,450$451,550$410,500

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,426
Property Tax -$740
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
-$151

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.

$410,500

PROJECTED PRICE

$2,290

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

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

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$114,533

INVESTMENT

$114,533

Down Payment
$102,625
Rehab Estimate
$5,750
Closing Costs
$6,158

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,426

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,625
Loan Amount $307,875
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,384

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2904$2,595
$2,595
RENT COMPS ANALYSIS
  • 421 Gray Wolf Trail Hudson Oaks, TX 3
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.89
    •  
  • 231 Shirley Circle Weatherford, TX 1
    • 4 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 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
    property image
    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
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.97
    •  
PROPERTY LISTING DETAILS
Greg Potts
Social Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519300
Last Updated: 02/25/2021
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