Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5208 Winterberry Court Fort Worth, TX 76244

5 Beds 4 Baths 3,637 sqft Built 2004

INVESTimate

$449,900

List Price

$2,770

$2,520 - $3,020

Rent Est.

$483,328  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $123.70
  • 5 Days on Market
  • MLS # : 14415638
  • Updated Date : 08/22/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,637 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Beautifully landscaped two-story on cul-de-sac in Villages of Woodland Springs. Features 2 Covered Outdoor Living Spaces. Outdoor kitchen w- hibachi grill, sink, cabinets, TV. Spacious open plan offers 2 living, 2 dining, study, architectural detail and specialty ceilings. Dramatic two-story entry, arched opening to dining & impressive living w- vaulted ceiling, fireplace w- stone surround & large windows. Lovely kitchen and breakfast – tile floor, granite counters, elegant tile, breakfast bar, large island, gas cooktop, walk-in pantry, SS appliances. Secluded master (updated bath), 2nd bed DN, plus three UP! 2nd living accessed by two staircases. Three-car garage split 2 & 1-car. Community amenities nearby.

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,493$3,047$2,770

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,660
Property Tax -$1,031
Property Insurance -$237
HOA -$45
Property Management Fees -$99
CASH FLOW
-$303

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.

$449,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,491

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,3353$2,5004$2,7705$2,795
$2,795
RENT COMPS ANALYSIS
  • 5208 Winterberry Court Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,637 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,637 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.76
    •  
  • 4673 Prairie Crossing Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,536 Sqft ∙ Built 2009
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.63
    •  
  • 12824 Cedar Hollow Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 3,456 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,456 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.68
    •  
  • 12701 Harvest Grove Drive Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,519 Sqft ∙ Built 2008
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 5201 Winterberry Court Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.73
    •  
PROPERTY LISTING DETAILS
Melanie Hunt
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415638
Last Updated: 08/22/2020
BESbswy