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8508 Woodlake Circle Fort Worth, TX 76179

4 Beds 5 Baths 3,139 sqft Built 2021

$558,800

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $178.02
  • 2 Days on Market
  • MLS # : 14500862
  • Updated Date : 01/16/2021 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,139 sqft
  • Baths : 4 full , 1 half
Listing Agent

Chase Realty Dfw

Listing Agent's Description

Gorgeous Modern Farmhouse located in Lake Country Estates! New construction, directly across the street from Eagle Mountain Lake. Masterfully built with no detail overlooked. This home features custom hardwood floors throughout the open concept floor plan as well as solid core interior doors. The large living room welcomes you into the home with shiplap surrounding the gas fireplace and floating shelves on each side. The kitchen boasts a 48in professional dual oven gas range, custom cabinetry, textured granite counters and large island.Built with energy efficiency in mind, including fully foam encapsulated insulation, 2 tankless gas water heaters, high efficiency dual speed HVAC systems, Low-e windows and more!

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

Neighborhood: Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192283

* 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
Eagle Mountain Elementary School Primary Regular 583 32 6
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Eagle Mountain Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 32
6
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$502,920$614,680$558,800

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,941
Property Tax -$1,281
Property Insurance -$209
Property Management Fees -$99
CASH FLOW
-$1,620

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$558,800

PROJECTED PRICE

$1,910

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,082

INVESTMENT

$150,082

Down Payment
$139,700
Rehab Estimate
$2,000
Closing Costs
$8,382

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,941

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,700
Loan Amount $419,100
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$5,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9103$1,9904$2,100
$2,100
RENT COMPS ANALYSIS
  • 8508 Woodlake Circle Fort Worth, TX 2
    • 4 beds 5 baths ∙ 3,139 Sqft ∙ Built 2021 4 beds 5 baths ∙ 3,139 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.61
    •  
  • 6348 Apalachee Trail Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.59
    •  
  • 6049 Deck House Road Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.71
    •  
  • 6025 Clipper Lane Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
PROPERTY LISTING DETAILS
Chase Hall
Chase Realty Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500862
Last Updated: 01/16/2021
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