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

1008 Mazourka Drive Arlington, TX 76001

4 Beds 3 Baths 2,792 sqft Built 1999

$265,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

$75,975

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+7.5%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	$732
Value Increase	$20,415

10 YEAR

Cash On Cash	-1.7%
Total Return	12.1%

PROPERTY INFO

November 22, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1999
Price/Sqft : $94.91
1 Days on Market
MLS # : 14475728
Updated Date : 11/22/2020 at 00:23

CONSTRUCTION

Beds : 4
Floor Size : 2,792 sqft
Baths : 2 full , 1 half

Listing Agent

Exp Realty

Listing Agent's Description

Move in just in time for Christmas. Spacious open South Arlington living in sought after Mansfield ISD, near Joe Pool Lake. Recent updates include, fixtures, carpet and paint on this 2 story home that is ready to move in. Your new home has a nice patio with stamped concrete in the back yard that is partially covered as well. Quick access to Hwy 287, 360 or I20. This is a great opportunity for someone that can use up to 4 bedrooms.

1009 Mazourka Dr

Arlington, Texas

View on Google Maps

Custom Imagery

-

-

This image is no longer available

Rotate the view

Map Data© 2020 Google
Terms of Use
Report a problem
© 2020 Google
Map Data
© 2020 Google

Street View

MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: South Cooper Estates

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

Neighborhood: South Cooper Estates

* 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
Asa E. Low Jr. Intermediate School	Primary	Regular	864	52	7
Brooks Wester Middle School	Middle	Regular	872	51	8
Mansfield Summit High School	High	Regular	2,020	114	4

Asa E. Low Jr. Intermediate School

Education Level: Primary
# of students: 864
# of teachers: 52

GreatSchools Rating

Brooks Wester Middle School

Education Level: Middle
# of students: 872
# of teachers: 51

GreatSchools Rating

Mansfield Summit High School

Education Level: High
# of students: 2,020
# of teachers: 114

GreatSchools Rating

FINANCIALS

Learn how to read this

$238,500$291,50000$265,000

PURCHASE PRICE

$1,710$2,09000$1,900

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

Toggle to see the acquisition concierge fee. LEARN MORE

PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,900
EXPENSES	Loan Payment	-$978
	Property Tax	-$574
	Property Insurance	-$189
	Property Management Fees	-$99




CASH FLOW $61

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.

$265,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	7.5%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$75,975

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr

4.25%

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

5.5

YEARS SAVED

$19,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,900
LIST RENT
$0.68
LIST RENT PER SQFT

$2,087
COMP ESTIMATED VALUE
$0.75
COMP AVG. RENT PER SQFT

Comps Range

$1,900

1$1,9002$1,9753$1,9994$2,1955$2,250

$2,250

RENT COMPS ANALYSIS

2,792
PROPERTY SQFT
$0.75
AVG RENT PER SQFT
$2,087
ESTIMATED VALUE
$1,900
LIST RENT

1008 Mazourka Drive Arlington, TX 3

4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999
Price

Price Per SQFT

$265,000

$94.91
924 Gillon Drive Arlington, TX 1

4 beds 3 baths ∙ 2,816 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 2001
SOLD 07/02/20
Price

Price Per SQFT

$258,000

$91.62
7415 Cresswell Drive Arlington, TX 2

4 beds 3 baths ∙ 2,779 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 2002
SOLD 08/02/20
Price

Price Per SQFT

$260,000

$93.56
705 Dover Park Trail Mansfield, TX 4

4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2005
SOLD 09/01/20
Price

Price Per SQFT

$305,000

$109.20
3201 Winding Ridge Circle Mansfield, TX 5

4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,832 Sqft ∙ Built 2005
SOLD 10/01/20
Price

Price Per SQFT

$314,900

$111.19

1008 Mazourka Drive Arlington, TX 1

4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999
Rent

Rent Per SQFT

$1,900

$0.68
7809 Salton Lane Arlington, TX 2

4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2001
LEASED 04/08/20
Rent

Rent Per SQFT

$1,975

$0.69
3103 Poplar Hill Trail Mansfield, TX 3

4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002
LEASED 12/04/19
Rent

Rent Per SQFT

$1,999

$0.70
1117 Bannack Drive Arlington, TX 4

4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999
LEASED 09/25/20
Rent

Rent Per SQFT

$2,195

$0.79
505 Dover Park Trail Mansfield, TX 5

4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004
LEASED 01/17/20
Rent

Rent Per SQFT

$2,250

$0.81

PROPERTY LISTING DETAILS

Gerald Enriquez
Exp Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475728
Last Updated: 11/22/2020

1008 Mazourka Drive Arlington, TX 76001

$265,000

$1,900

$75,975

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Asa E. Low Jr. Intermediate School

Brooks Wester Middle School

Mansfield Summit High School

FINANCIALS

$238,500$291,50000$265,000

$1,710$2,09000$1,900

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$265,000

$1,900

0.72%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$978

5.5

$19,073

$265,000

$94.91

$283,088

$101.39

COMPS RANGE

PRICE COMPS ANALYSIS

$1,900

$0.68

$2,087

$0.75

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS