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

6925 Weatherwood Road Fort Worth, TX 76133

3 Beds 2 Baths 1,737 sqft Built 1985

$259,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $149.63
  • 3 Days on Market
  • MLS # : 14475542
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,737 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Beautiful home nestled in a wonderful neighborhood. Front yard landscaped for pristine curbside appeal. Outfitted with a Ring doorbell. An open concept with engineered hardwood floors throughout, tile in the restrooms and kitchen. Custom sun skylights in living area and restrooms. Large covered deck with custom outdoor dry bar, leads to beautifully landscaped back yard and small storage unit. New water heater and HVAC recently added. Local walking trails are across the street and lead to neighborhood friendly French Lake park. Several schools in the near vicinity as well as shopping and fun!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Candleridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Candleridge

NeighborhoodNIR 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
Woodway Elementary School Primary Regular 586 34 3
Wedgwood Middle School Middle Regular 931 54 4
Southwest High School High Regular 1,266 97 3

Woodway Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
3
GreatSchools Rating

Wedgwood Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 54
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 1,266
  • # of teachers: 97
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$959
Property Tax -$596
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$321

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.

$259,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4604$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 6925 Weatherwood Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.84
    •  
  • 7048 Woodmoor Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1978
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 3262 Amber Court Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1980
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 7029 W Cleburne Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1978
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 3708 Del Rio Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1978
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Richard Grosely
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475542
Last Updated: 12/04/2020
BESbswy