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904 King Street Weatherford, TX 76086

4 Beds 2 Baths 1,585 sqft Built 2018

$265,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $167.19
  • 4 Days on Market
  • MLS # : 14490143
  • Updated Date : 12/24/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,585 sqft
  • Baths : 2 full
Listing Agent

Rgp Realty Group, Llc

Listing Agent's Description

LIKE NEW only two years old still in immaculate condition. FOUR bedrooms and two full baths. Lovely extra large Primary Bedroom private from the other three bedrooms. Location is ideal for easy access to everything. The backyard of this home is larger than most being on the corner, fully fenced and has covered and open patio. A huge old tree beautifully umbrellas the back of the yard. Great neutral color scheme. Bonus Indoor Kitchen Refrigerator stays! Large Storage Building Stays

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
David Crockett Elementary School Primary Regular 530 37 4
Tison Middle School Middle Regular 554 39 5
Weatherford High School High Regular 2,238 148 6

David Crockett Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 37
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$978
Property Tax -$564
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$339

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.

$265,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,8003$1,995
$1,995
RENT COMPS ANALYSIS
  • 904 King Street Weatherford, TX 1
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.90
    •  
  • 130 Hummingbird Drive Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 324 Jade Lane Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2008
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.16
    •  
PROPERTY LISTING DETAILS
Rachel Pattillo
Rgp Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490143
Last Updated: 12/24/2020
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