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6813 Windwood Trail Fort Worth, TX 76132

4 Beds 3 Baths 3,014 sqft Built 1999

$330,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $109.49
  • 2 Days on Market
  • MLS # : 14505461
  • Updated Date : 01/30/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,014 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Beautiful home in the sought after Hulen Bend Estates! This home has been well cared for and features plenty of space, with a large Master Bedroom on the first floor, encompassing granite countertops, jetted tub, and separate shower; this home has neutral colors throughout; vinyl plank flooring, kitchen has an oversized island, stainless steel appliances, and more! With a separate study down and generous secondary bedrooms up, plus a game room, you just can't go wrong!

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: Hulen Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k312k

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

Neighborhood: Hulen Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192092

* 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
Oakmont Elementary School Primary Regular 561 39 5
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
5
GreatSchools Rating

Summer Creek Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 52
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,146
Property Tax -$756
Property Insurance -$201
HOA -$42
Property Management Fees -$99
CASH FLOW
-$275

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$330,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8503$1,9454$1,9705$2,025
$2,025
RENT COMPS ANALYSIS
  • 6813 Windwood Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.65
    •  
  • 6705 Windwood Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2000
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.62
    •  
  • 6224 Bowin Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 1998
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.64
    •  
  • 7301 Moon Ridge Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.66
    •  
  • 4912 Shell Ridge Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,964 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,964 Sqft ∙ Built 2002
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.68
    •  
PROPERTY LISTING DETAILS
Deonne Ramos
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505461
Last Updated: 01/30/2021
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