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804 Woodson Way Fort Worth, TX 76036

5 Beds 3 Baths 2,681 sqft Built 2018

$275,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $102.57
  • 4 Days on Market
  • MLS # : 14460590
  • Updated Date : 11/05/2020 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,681 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Bloomfield two story home on beautiful oversized homesite*Gorgeous brick elevation along with mature landscaping provides great curb appeal*This 5 bedroom, 3 bath home features rustic manor laminate wood floors--all of the beauty of wood without the maintenance*Gourmet kitchen with SS appliances, custom cabinets, granite counters, large island and pantry*Owners retreat located at the back of the house enjoys a bath with large vanity, garden tub, separate shower & walk in closet*Game room & 5th bedroom with bath on 2nd level complete this versatile floorplan*Mud Room*Quick access to I-35W and FM 1187. Located near hospitals, shopping and restaurants. Prequalification letter or POF to show property.

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

Zip Code: 76036

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76036

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
H.f. Stevens Middle School Middle Regular 912 59 3
Crowley High School High Regular 2,033 150 4

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

H.f. Stevens Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 59
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,015
Property Tax -$637
Property Insurance -$182
HOA -$13
Property Management Fees -$99
CASH FLOW
$144

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.

$275,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$27,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,9454$2,0905$2,100
$2,100
RENT COMPS ANALYSIS
  • 804 Woodson Way Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.78
    •  
  • 12108 Worthwood Street Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2006
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 12320 Treeline Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.71
    •  
  • 12009 Rustling Oaks Drive Fort Worth, TX 3
    • 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2016
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.73
    •  
  • 11932 Briaredge Street Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2016
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Janet Mcconnell
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460590
Last Updated: 11/05/2020
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