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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $175.10
- 3 Days on Market
- MLS # : 14478326
- Updated Date : 12/11/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,847 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Enjoy evenings on your extended covered patio poolside with sunset views off the bluff of the valley and golf course below! This beautifully updated ranch-style home on 1.79 acres boasts a double master floor plan. Each oversized master suite has their own full bath and stunning views of the backyard oasis. For the musically inclined, the newly-added second master has extra sound-proofing and a large connected flex-space perfect for a recording studio or a very large comfortable home office space. Kitchen remodeled with upgraded appliances, glass backsplash, granite countertops; lots of counter and storage space. Original 4th BR converted into formal dining, but can easily be converted back into BR.
SEE MORE
- . 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: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,839 |
| Property Tax | -$1,141 | |
| Property Insurance | -$192 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,191
|
||
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.
$498,500
PROJECTED PRICE
$2,080
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,853
LOAN DETAILS
$1,839
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,625 |
| Loan Amount | $373,875 |
-0.33
YEARS SAVED
$9
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,240
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
85 Crown Road Willow Park, TX 2
- 3 beds 3 baths ∙ 2,847 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,847 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,080
- $0.73
-
310 Fairway Drive Willow Park, TX 1
- 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1984
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
922 Thistle Hill Trail Weatherford, TX 3
- 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,051 Sqft ∙ Built 2004
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,375
- $0.78
-
413 Big Creek Road Willow Park, TX 4
- 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,818 Sqft ∙ Built 1984
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478326
Last Updated: 12/11/2020
