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

106 Hardin Arlington, TX 76018

4 Beds 3 Baths 1,797 sqft Built 1992

$250,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $139.12
  • 3 Days on Market
  • MLS # : 14479787
  • Updated Date : 12/05/2020 at 23:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,797 sqft
  • Baths : 3 full
Listing Agent

United Real Estate

Listing Agent's Description

MULTIPLE OFFERS: Please submit best and final offer by 5:00 pm Sunday 12-6-2020. Home has been completely remodeled! New tile flooring and wood flooring throughout. No Carpet. This 4 Bedroom 3 full bathrooms with 2 living areas will not last. Just in time with the wood burning fireplace and Large backyard with a deck for entertaining. Roof replaced in August 2020. Agent and Buyer to confirm all information. There is no survey.

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

Neighborhood: Village of Fairfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Village of Fairfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9031734

* 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
Williams Elementary School Primary Regular 789 47 5
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Williams Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 47
5
GreatSchools Rating

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$922
Property Tax -$541
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$104

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.

$250,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 106 Hardin Arlington, TX 2
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.88
    •  
  • 5003 Osage Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1985
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 225 Juniper Drive Arlington, TX 3
    • 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 1984
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 105 Southern Pine Court Arlington, TX 4
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1987
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 4922 Hibiscus Drive Arlington, TX 5
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1988
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Stephanie Smith
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479787
Last Updated: 12/05/2020
BESbswy