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513 Winterwood Court Fort Worth, TX 76131

3 Beds 2 Baths 2,320 sqft Built 2021

$375,530

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $161.87
  • 7 Days on Market
  • MLS # : 14515390
  • Updated Date : 02/09/2021 at 10:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 2 full
Listing Agent

Classic Property Management

Listing Agent's Description

Great One-Story, Totally Brand New by Bloomfield Homes - Ready May 2021! Stone & Brick Elevation with 8' Wrought Iron, Wood & Glass Front Door give this home curb appeal. Fully Landscaped and Fenced too! Rotunda foyer with decorative niches. Study off foyer with classic French Doors and walk-in closet; could be used as additional bdrm. Open Floorplan. Nail-down Wood Floors throughout living areas. Beautiful Deluxe Kitchen with built-in SS Appliances, luxury cabinetry and walk-in pantry. Buffet at Brkft Nook. Lots of windows & Vaulted Ceilings bring in natural lighting. Spacious Owner's Suite with sitting area. Formal Dining Room. Laundry Room. Covered Back Patio. Call today to learn more about this great home!

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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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR 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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$337,977$413,083$375,530

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,304
Property Tax -$910
Property Insurance -$161
HOA -$31
Property Management Fees -$99
CASH FLOW
-$495

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$375,530

PROJECTED PRICE

$2,010

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,515

INVESTMENT

$101,515

Down Payment
$93,883
Rehab Estimate
$2,000
Closing Costs
$5,633

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,304

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,883
Loan Amount $281,648
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$2,0103$2,1004$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 513 Winterwood Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.87
    •  
  • 9901 Calcite Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.79
    •  
  • 636 Tierra Vista Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2016
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 10204 Fox Haven Court Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 10520 Winding Passage Way Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2006
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515390
Last Updated: 02/09/2021
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