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1119 Bell Street Arlington, TX 76001

4 Beds 2 Baths 2,054 sqft Built 2020

$265,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $129.02
  • 2 Days on Market
  • MLS # : 14536938
  • Updated Date : 03/20/2021 at 21:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Targetcost Realty

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. PLEASE SUBMIT HIGHEST AND BEST BY MARCH 22, 2021 AT 5:00 PM. Beautiful newly built home with 4 bedrooms. Huge gourmet kitchen with lots of cabinetry, granite counter-top and stainless steel appliances. Master bathroom has an oversized shower, tub and his and dual vanities with granite counter-top. Beautiful as can be. The accuracy of all information, regardless of source, including but not limited to schools, square footage and lot size, is deemed reliable but not guaranteed and should be verified by Buyers and their Agents.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Country Estates Arlington

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $65k243k

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

Neighborhood: Country Estates Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621734

* 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
D.p. Morris Elementary School Primary Regular 534 36 7
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield Summit High School High Regular 2,020 114 4

D.p. Morris Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 36
7
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$920
Property Tax -$574
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$72,225

INVESTMENT

$72,225

Down Payment
$66,250
Rehab Estimate
$2,000
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,008

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,9003$1,9504$1,9955$2,275
$2,275
RENT COMPS ANALYSIS
  • 1119 Bell Street Arlington, TX 1
    • 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.87
    •  
  • 300 Misty Mesa Trail Mansfield, TX 2
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2003
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 504 Rocky Creek Drive Mansfield, TX 3
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2004
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3219 Winding Ridge Circle Mansfield, TX 4
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2005
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 3211 Bloomfield Trail Mansfield, TX 5
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ayodele Adedeji
Targetcost Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536938
Last Updated: 03/20/2021
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