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7500 Westwind Court Fort Worth, TX 76179

4 Beds 3 Baths 2,650 sqft Built 2020

$410,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $154.72
  • 3 Days on Market
  • MLS # : 14487350
  • Updated Date : 12/18/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,650 sqft
  • Baths : 3 full
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

Located on a Cul-de-sac, you will fall in love with this beautiful new construction home in the sought out Lake Country Estates. This inviting open concept floor plan is full of windows which boast with natural lighting. The kitchen offers stainless steel appliances, wood shaker cabinets, granite, subway tile and a huge waterfall island. Upstairs has a family room with bar area, along with a full bath and the fourth bedroom. Sod and sprinkler system and fence has to be installed yet.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Lake Country

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Lake Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192196

* 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
Eagle Mountain Elementary School Primary Regular 583 32 6
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Eagle Mountain Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 32
6
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,513
Property Tax -$997
Property Insurance -$180
Property Management Fees -$99
CASH FLOW
-$869

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,650

INVESTMENT

$110,650

Down Payment
$102,500
Rehab Estimate
$2,000
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$50

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9204$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 7500 Westwind Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.72
    •  
  • 7221 Wavecrest Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 6276 Topsail Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 6049 Deck House Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.71
    •  
  • 6025 Clipper Lane Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
PROPERTY LISTING DETAILS
Tammy Cannon
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487350
Last Updated: 12/18/2020
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