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500 N Saddle Horn Court Weatherford, TX 76087

4 Beds 3 Baths 2,501 sqft Built 2020

$434,500

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $173.73
  • 2 Days on Market
  • MLS # : 14475291
  • Updated Date : 11/20/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,501 sqft
  • Baths : 3 full
Listing Agent

Clark Real Estate Group

Listing Agent's Description

NEW CONSTRUCTION by Castlemont Homes in the beautiful new acreage neighborhood of Silver Saddle Ranch! Contract on this home now, pick your finishes and your home will be ready in just a few months! This 2,501 SF home features 4 bedrooms, 3 bathrooms and a 3-car garage. No city taxes and no water bill on this 2-acre property located outside of the city limits! Hand scraped hardwood floors, granite countertops, custom cabinets, beautiful finishes and even an outdoor fireplace! Other homes and lots are available in Silver Saddle Ranch, so if this home isn’t quite what you’re looking for be sure to reach out for more information about other available inventory…this is a great neighborhood and a great builder!

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
Raymond E. Curtis Elementary School Primary Regular 716 47 6
Raymond E. Curtis Elementary School Middle Regular 716 47 6
Weatherford High School High Regular 2,238 148 6

Raymond E. Curtis Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Raymond E. Curtis Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 47
6
GreatSchools Rating

Weatherford High School

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

$391,050$477,950$434,500

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,603
Property Tax -$925
Property Insurance -$172
HOA -$21
Property Management Fees -$99
CASH FLOW
-$219

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$434,500

PROJECTED PRICE

$2,600

PROJECTED RENT

0.60%

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) 3.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$117,143

INVESTMENT

$117,143

Down Payment
$108,625
Rehab Estimate
$2,000
Closing Costs
$6,518

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,603

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,625
Loan Amount $325,875
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,526

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,600
$2,600
RENT COMPS ANALYSIS
  • 500 N Saddle Horn Court Weatherford, TX 2
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
  • 105 Breeders Drive Willow Park, TX 1
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Joel Taylor
Clark Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475291
Last Updated: 11/20/2020
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