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1012 Courtside Drive Arlington, TX 76002

3 Beds 2 Baths 1,430 sqft Built 2000

$209,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $146.15
  • 2 Days on Market
  • MLS # : 14504819
  • Updated Date : 01/30/2021 at 20:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full
Listing Agent

C21 Fine Homes Judge Fite

Listing Agent's Description

You will fall in love with this adorable 3 bed, 2 bath home located in Arlington. Situated on a very large corner lot, in a good neighborhood with a well-kept yard, some upgrades, new front door, locks, including new paint inside and out. This beautiful home features a nice kitchen that overlooks the living room with the wood burning fireplace, Separate formal dining area with lots of light. Large master suite with separate tub and shower with full walk-in closet. 2” faux blinds in all rooms and a nice yard for entertaining. Close to major highways and schools!

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: Lynn Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Lynn Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221791

* 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
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$726
Property Tax -$452
Property Insurance -$110
HOA -$33
Property Management Fees -$99
CASH FLOW
$39

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.

$209,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$726

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$11,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5503$1,5754$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1012 Courtside Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.02
    •  
  • 1223 Brookvalley Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1987
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 1007 Mapleview Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1984
    property image
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.00
    •  
  • 6509 Fairglen Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 6412 Brookcrest Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1993
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michelle Jones
C21 Fine Homes Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504819
Last Updated: 01/30/2021
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