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441 Whispering Willow Drive Midlothian, TX 76065

4 Beds 2 Baths 2,217 sqft Built 2017

INVESTimate

$330,000

List Price

$2,160

$1,944 - $2,376

Rent Est.

$355,212  ( +7.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $148.85
  • 7 Days on Market
  • MLS # : 14417463
  • Updated Date : 08/22/2020 at 20:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 2 full
Listing Agent

Hi View Real Estate

Listing Agent's Description

JOHN HOUSTON CUSTOM HOME IN THE GROVE This stone accented elevation is a welcoming custom home feature. The kitchen has beautifully painted cabinets with modern colors through out. You will love the covered patio and additional pergola with deck for outdoor entertaining! Walk-in closets in all bedrooms. Upgrades include wood floors, granite countertops in kitchen, marble countertops in all baths and a huge soaking tub and beautiful stone to mantle fireplace. You don't want to miss this beautiful home in this very desirable school district!

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: 76065

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76065

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
T.e. Baxter Elementary School Primary Regular 611 41 6
Walnut Grove Middle School Middle Regular 1,014 55 8
Heritage High School High Regular NA

T.e. Baxter Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 41
6
GreatSchools Rating

Walnut Grove Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 55
8
GreatSchools Rating

Heritage High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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 $2,160
EXPENSES Loan Payment -$1,218
Property Tax -$720
Property Insurance -$155
HOA -$31
Property Management Fees -$99
CASH FLOW
-$63

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.

$330,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.64%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1603$2,1754$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 441 Whispering Willow Drive Midlothian, TX 2
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.97
    •  
  • 3442 Charing Cross Road Midlothian, TX 1
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2004
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 3613 Worthington Drive Midlothian, TX 3
    • 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2017
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.96
    •  
  • 418 Summer Grove Drive Midlothian, TX 4
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2019
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 3605 Regent Street Midlothian, TX 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2010
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Dusty Marks
Hi View Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417463
Last Updated: 08/22/2020
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