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430 Charlie Way Weatherford, TX 76087

5 Beds 4 Baths 3,169 sqft Built 2005

INVESTimate

$349,945

List Price

$2,540

$2,290 - $2,790

Rent Est.

$370,907  ( +5.99%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $110.43
  • 9 Days on Market
  • MLS # : 14414412
  • Updated Date : 08/22/2020 at 18:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,169 sqft
  • Baths : 4 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

These sellers would pick up and take this house with them if they could! Such a great floor plan on both floors. 5th bedroom (downstairs) can be guest room, study, or playroom for children. Great, bright open floor plan. Property backs up to wooded area with lots of deer, rabbits, birds, etc. Recent roof (one year old). Replaced items include fence, kitchen sink. disposal, microwave. Great storage. Fire pit. Downstairs washer & dryer hookup in master closet. Very little traffic, convenient to schools, hospitals, shopping. Beautifully maintained and dearly loved home.

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
 

$314,951$384,940$349,945

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,291
Property Tax -$745
Property Insurance -$210
HOA -$23
Property Management Fees -$99
CASH FLOW
$172

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.

$349,945

PROJECTED PRICE

$2,540

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,485

INVESTMENT

$98,485

Down Payment
$87,486
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,486
Loan Amount $262,459
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$34,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,630

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,650
$2,650
RENT COMPS ANALYSIS
  • 430 Charlie Way Weatherford, TX 1
    • 5 beds 4 baths ∙ 3,169 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,169 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.80
    •  
  • 514 Saddle Ridge Trail Weatherford, TX 2
    • 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ann Feriend
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414412
Last Updated: 08/22/2020
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