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1004 Angel Fire Lane Arlington, TX 76001

4 Beds 2 Baths 2,134 sqft Built 1996

$270,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $126.52
  • 2 Days on Market
  • MLS # : 14509742
  • Updated Date : 01/30/2021 at 23:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Gorgeous curb appeal! Spacious open concept single story with decorative niches and arches throughout. Light and bright kitchen with oversized skylight, granite countertops, stainless gas range, breakfast bar, and built in desk. Elevated backyard for maximum privacy. Location is ideal being in close proximity to dining, entertainment, and highways.

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: Brighton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Brighton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451892

* 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
Kenneth Davis Elementary School Primary Regular 616 44 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Kenneth Davis Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$938
Property Tax -$585
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
$88

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.

$270,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8603$1,8954$1,9005$1,975
$1,975
RENT COMPS ANALYSIS
  • 1004 Angel Fire Lane Arlington, TX 2
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.87
    •  
  • 1102 Orangewood Lane Arlington, TX 1
    • 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1988
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 1109 Cherrytree Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1987
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 1009 Angel Fire Lane Arlington, TX 4
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1997
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 6701 Keeler Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1986
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.85
    •  
PROPERTY LISTING DETAILS
Audrey Hall
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509742
Last Updated: 01/30/2021
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