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97 Crown Road Willow Park, TX 76087

3 Beds 2 Baths 2,064 sqft Built 1985

$399,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $193.31
  • 2 Days on Market
  • MLS # : 14481726
  • Updated Date : 12/05/2020 at 11:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,064 sqft
  • Baths : 2 full
Listing Agent

Magnolia Realty

Listing Agent's Description

Looking for a bluff-top retreat with panoramic views and wildlife galore? Here’s your chance at this custom built, one owner home. Although it feels like a private vacation, it’s only minutes from shopping and located in the highly acclaimed Aledo ISD. This multi-level, contemporary treehouse has oversized windows with a view from every room for the ultimate inside out living experience. With its huge deck you can spend family time camping in your own backyard. It has been priced for a buyer to update to their own taste! Open the front door and expect to hear wow! OPEN HOUSE SUNDAY DEC 6TH FROM 2-4PM.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Mcanally Intermediate School Primary Regular 785 43 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mcanally Intermediate School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 43
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,472
Property Tax -$913
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$631

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.

$399,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$17

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9753$2,0004$2,100
$2,100
RENT COMPS ANALYSIS
  • 97 Crown Road Willow Park, TX 3
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 3808 Ridge Road Willow Park, TX 1
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1974
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 1213 Thistle Hill Trail Weatherford, TX 2
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2004
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.98
    •  
  • 180 Annetta Road Willow Park, TX 4
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1984
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Judith Droguett
Magnolia Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481726
Last Updated: 12/05/2020
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