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805 Terry Trail Weatherford, TX 76086

3 Beds 2 Baths 1,751 sqft Built 1992

INVESTimate

$239,900

List Price

$1,670

$1,503 - $1,837

Rent Est.

$256,381  ( +6.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $137.01
  • 3 Days on Market
  • MLS # : 14419514
  • Updated Date : 08/24/2020 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,751 sqft
  • Baths : 2 full
Listing Agent

Colleen Frost Real Estate Serv

Listing Agent's Description

Located within walking to distance to Town Creek Trails and minutes from I20, this home has all an established subdivision has to offer with a large fenced in back yard with mature crepe myrtles lining the fence. HVAC unit has only seen 3 Texas Summers! Laminate throughout. Fridge in kitchen will stay along with an amazingly efficient pellet stove insert in the fireplace. Updates throghout include flooring, painted cabinets with new hardware and new countertops in kitchen and baths. Close to all shopping, restaurants, medical attention and the quaint downtown Weatherford Square, home of the Parker County Peach Festival and more! Schedule your showing today and come see what your new home looks like.

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: 76086

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k258k

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

Zip Code: 76086

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611734

* 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
Bose Ikard Elementary School Primary Regular 662 45 4
Tison Middle School Middle Regular 554 39 5
Weatherford High School High Regular 2,238 148 6

Bose Ikard Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 45
4
GreatSchools Rating

Tison Middle School

  • Education Level: Middle
  • # of students: 554
  • # of teachers: 39
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$885
Property Tax -$511
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$47

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.

$239,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,694

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6703$1,7954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 805 Terry Trail Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.95
    •  
  • 205 Guinevere Drive Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 202 Wellington Trail Weatherford, TX 3
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2003
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 233 Wellington Trail Weatherford, TX 4
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 1937 Windowmere Trail Weatherford, TX 5
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2002
    property image
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
PROPERTY LISTING DETAILS
Magan Anderson
Colleen Frost Real Estate Serv
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419514
Last Updated: 08/24/2020
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