Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $111.49
- 3 Days on Market
- MLS # : 14474422
- Updated Date : 11/20/2020 at 06:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,749 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
INVESTOR PROPERTY BEING SOLD AS-IS. NO REPAIRS WILL BE DONE! Great opportunity for investors. Home needs carpet and paint, the cabinets in the kitchen and the fence needs to be replaced. The sprinkler system isn't working correctly, could be damaged heads. Wood rot along the large window in the back of the home from ants. Windows have lost their seals. The front porch needs concrete work The roof is 8 years old. Home is located in highly sought after Mansfield ISD! Home comes complete with a built-in microwave, dishwasher, refrigerator, gas fireplace and much more!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Village at Palos Verdes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Village at Palos Verdes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$465 | |
| Property Insurance | -$128 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$149
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$195,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
8.17
YEARS SAVED
$24,024
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1006 Prado Real Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,560
- $0.89
-
938 Freshwood Court Arlington, TX 1
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1989
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
929 Rio Vista Lane Arlington, TX 3
- 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1991
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
5315 Alta Vista Lane Arlington, TX 4
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1991
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
1004 Carthage Way Arlington, TX 5
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,745
- $0.93
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474422
Last Updated: 11/20/2020
