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5225 Winterberry Court Fort Worth, TX 76244

4 Beds 4 Baths 3,437 sqft Built 2004

$475,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $138.20
  • 3 Days on Market
  • MLS # : 14517854
  • Updated Date : 02/13/2021 at 13:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,437 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ritchey Realty

Listing Agent's Description

Open House Sat. Feb. 13, 12-4 Don't miss out on this amazing home located in The villages Of woodland Springs. Open floor plan features granite counters, island, double oven, extensive hardwood flooring, ceramic tile and so much more... Owners suite is on main level with all secondary bedrooms upstairs. Gameroom, study, computer niche, recessed lighting, and walk in closets. The large backyard is an oasis offering a covered patio, nice views and a beautiful pool. The community has several pools, playgrounds, basketball courts and walking trails throughout. Close to shopping, dining, and entertainment. In Keller ISD No showings until noon Sat. Feb. 13

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
Independence Elementary School Primary Regular 458 33 6
Timbercreek High School High Regular 2,957 160 8
Independence Elementary School Primary Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 33
6
GreatSchools Rating

Timbercreek High School

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

Independence Elementary School

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

$427,500$522,500$475,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,650
Property Tax -$1,089
Property Insurance -$226
HOA -$44
Property Management Fees -$99
CASH FLOW
-$447

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.

$475,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,335
1$2,3352$2,3353$2,5004$2,5005$2,660
$2,660
RENT COMPS ANALYSIS
  • 5225 Winterberry Court Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,437 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.77
    •  
  • 4201 Broken Bend Boulevard Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.70
    •  
  • 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
    •  
  • 4305 Oak Chase Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2015
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Kallie Capps Ritchey
Ritchey Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517854
Last Updated: 02/13/2021
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