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909 Wentwood Drive Southlake, TX 76092

4 Beds 4 Baths 3,363 sqft Built 1999

$675,000

List Price

$4,350

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $200.71
  • 2 Days on Market
  • MLS # : 14467508
  • Updated Date : 11/07/2020 at 11:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,363 sqft
  • Baths : 4 full
Listing Agent

Dorothy K Warda

Listing Agent's Description

One of a kind, beautiful, timeless custom built home by Pierce in the prestigious Timarron Addition. Gourmet kitchen with granite countertops and double ovens. Large master bedroom and bath with double shower. Gorgeous updated pool, adjacent to greenbelt area. The home is wonderful for entertaining as well as for everyday living.

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: 76092

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k722k

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

Zip Code: 76092

ZipNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264415

* 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
Eubanks Intermediate School Primary Regular 572 38 10
Dawson Middle School Middle Regular 646 40 10
Carroll Senior High School High Regular 1,284 76 10

Eubanks Intermediate School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 38
10
GreatSchools Rating

Dawson Middle School

  • Education Level: Middle
  • # of students: 646
  • # of teachers: 40
10
GreatSchools Rating

Carroll Senior High School

  • Education Level: High
  • # of students: 1,284
  • # of teachers: 76
10
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$2,490
Property Tax -$1,362
Property Insurance -$222
HOA -$83
Property Management Fees -$99
CASH FLOW
$94

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.

$675,000

PROJECTED PRICE

$4,350

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$44,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,350

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $4,397

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$4,100
1$4,1002$4,3003$4,3504$4,4005$4,400
$4,400
RENT COMPS ANALYSIS
  • 909 Wentwood Drive Southlake, TX 3
    • 4 beds 4 baths ∙ 3,363 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,363 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.29
    •  
  • 901 Nettleton Court Southlake, TX 1
    • 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 1994
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.29
    •  
  • 803 Heatherglen Court Southlake, TX 2
    • 4 beds 4 baths ∙ 3,413 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,413 Sqft ∙ Built 1997
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.26
    •  
  • 802 Saxon Trail Southlake, TX 4
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 1997
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.30
    •  
  • 300 Glenrose Court Southlake, TX 5
    • 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 1993
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.38
    •  
PROPERTY LISTING DETAILS
Dorothy Warda
Dorothy K Warda
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467508
Last Updated: 11/07/2020
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