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808 Woodberry Court Euless, TX 76039

3 Beds 2 Baths 2,054 sqft Built 1982

$299,999

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $146.06
  • 1 Days on Market
  • MLS # : 14532748
  • Updated Date : 03/14/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Skye Tx Realty Group

Listing Agent's Description

Charming corner lot home with a nice touch of original character. Invite guest into large living room anchored by a beautiful brick wood burning fireplace and wet bar. Large flex space could be used as second living space, office or play room. Kitchen includes casual dining area with views of the back patio space. The backyard is a dream with peaceful covered patio mature trees for privacy and storage building. A short distance from a few public parks where you can take long walks or have a picnic. Easy access to Hwy 121. Only minutes away from DFW International Airport. Welcome home!

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

Neighborhood: Timber Ridge Euless

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k289k

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

Neighborhood: Timber Ridge Euless

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9452099

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,042
Property Tax -$582
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
$121

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.

$299,999

PROJECTED PRICE

$1,990

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,003

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7953$1,9904$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 808 Woodberry Court Euless, TX 3
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.97
    •  
  • 3708 Pinewood Street Bedford, TX 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1980
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 1215 Douglas Street Euless, TX 2
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 900 Spring Oak Court Euless, TX 4
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1981
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 4000 Double Oak Drive Bedford, TX 5
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2001
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Chad Blakeman
Skye Tx Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532748
Last Updated: 03/14/2021
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