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7845 Wilson Cliff Drive White Settlement, TX 76108

4 Beds 2 Baths 2,045 sqft Built 2017

$274,999

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $134.47
  • 3 Days on Market
  • MLS # : 14536287
  • Updated Date : 03/20/2021 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,045 sqft
  • Baths : 2 full
Listing Agent

Real Estate Reformation

Listing Agent's Description

Newer 3 bed, 2 bath with study or 4th bedroom with close proximity to Lockheed Martin & Air Force Base, also 15-20 Minutes from Downtown. One of the more spacious floor plans on the street, this plan offers split bedroom design with large open living & kitchen complete with fireplace & breakfast nook. Fantastic natural light in every room! Master bedroom has dual sinks, garden tub, separate shower and walk in closet. Gather around the fireplace in the cooler months & enjoy the covered patio, leading out to a large backyard, perfect for entertaining in the warmer months! Quiet street offers a secluded feel yet close to shopping & dining! No HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR 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
Liberty Elementary School Primary Regular 493 33 8
Brewer Middle School Middle Regular 986 55 6
Brewer High School High Regular 1,730 104 4

Liberty Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 33
8
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer High School

  • Education Level: High
  • # of students: 1,730
  • # of teachers: 104
4
GreatSchools Rating
 

$247,499$302,499$274,999

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$955
Property Tax -$659
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$109

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.

$274,999

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,249
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7504$1,7905$2,050
$2,050
RENT COMPS ANALYSIS
  • 7845 Wilson Cliff Drive White Settlement, TX 3
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 8427 Whitney White Settlement, TX 1
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 8413 Downe Drive White Settlement, TX 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 8425 Whitney Drive White Settlement, TX 4
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.00
    •  
  • 145 Wilson Cliff Drive White Settlement, TX 5
    • 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 2019
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
PROPERTY LISTING DETAILS
Cody Carson
Real Estate Reformation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536287
Last Updated: 03/20/2021
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