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437 Windy Hill Lane Fort Worth, TX 76108

3 Beds 2 Baths 1,940 sqft Built 2002

$239,500

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $123.45
  • 2 Days on Market
  • MLS # : 14509747
  • Updated Date : 01/30/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,940 sqft
  • Baths : 2 full
Listing Agent

Insight Realty Network

Listing Agent's Description

This well appointed home with a pool in the back is perfect for the Texas Heat! This home has three bedrooms with an additional bedroom or home office. This home is on one of the largest lots in the addition. Enjoy cooking in this open style kitchen with granite counter tops and let the natural light pours in from the beautiful skylight. Plenty of space with a extra dining or living for entertainment. Don't miss this opportunity it will go quickly!

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: Legacy Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Legacy Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer High School High Regular 1,730 104 4

North Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 44
6
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer High School

  • Education Level: High
  • # of students: 1,730
  • # of teachers: 104
4
GreatSchools Rating
 

$215,550$263,450$239,500

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$832
Property Tax -$549
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
$21

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.

$239,500

PROJECTED PRICE

$1,640

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$832

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$10,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6403$1,6994$1,7455$1,745
$1,745
RENT COMPS ANALYSIS
  • 437 Windy Hill Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.85
    •  
  • 9817 Pack Saddle Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2002
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 9921 Peregrine Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.84
    •  
  • 9633 Maryville Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2003
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.91
    •  
  • 9829 Osprey Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2011
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dava Hammack
Insight Realty Network
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509747
Last Updated: 01/30/2021
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