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1103 Hartman Court Arlington, TX 76006

3 Beds 3 Baths 2,036 sqft Built 1998

$259,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $127.21
  • 3 Days on Market
  • MLS # : 14481509
  • Updated Date : 12/05/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,036 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

You will love the street appeal of this home, complete with a new roof in November 2020, newer HVAC system, repaired fence, plus other improvements. The flow of this floor plan is extraordinary. The master bedroom and bath are privately located down a hallway off the entry, and have a door leading to the back yard. A spacious study is off the entry, across from a sunny formal dining room. The large cozy living room is open to the breakfast bar, kitchen and breakfast area. Two secondary bedroom are located at the opposite side of the house from master and have a jack and jill bath between them. Plus, you'll have a half bath in hall leading to master. A huge patio welcomes you to the enormous back yard! Come see!

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: Glenbury

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k293k

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

Neighborhood: Glenbury

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9452198

* 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
Sherrod Elementary School Primary Regular 731 47 3
Nichols Junior High School Middle Regular 760 70 4
Lamar High School High Regular 2,918 185 3

Sherrod Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
3
GreatSchools Rating

Nichols Junior High School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 70
4
GreatSchools Rating

Lamar High School

  • Education Level: High
  • # of students: 2,918
  • # of teachers: 185
3
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$956
Property Tax -$561
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
$250

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.

$259,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$38,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9953$2,0104$2,0955$2,350
$2,350
RENT COMPS ANALYSIS
  • 1103 Hartman Court Arlington, TX 3
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.99
    •  
  • 2306 Starke Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1980
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 1307 Boardwalk Street Arlington, TX 2
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1983
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 1501 Park Chase Avenue Arlington, TX 4
    • 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1993
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 521 E Beady Road Arlington, TX 5
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 1978
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sundee Hinchliffe
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481509
Last Updated: 12/05/2020
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