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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $135.86
- 2 Days on Market
- MLS # : 14519935
- Updated Date : 02/20/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,061 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
This wonderful house is completely remodeled and renovated to bring the perfect home for any family. With the kitchen of your dreams filled with brand new kitchen appliances, beautiful new granite countertops, and flooring. Throughout the house, new light fixtures have been added, along with remodeled bathrooms and freshly painted walls. To top it off, the media has been remastered with lightings and structures to bring the cinema experience straight home. The roof was replaced as of 2018. Lastly, the location is in an established community, close to stores and highway: Perfect for families!
SEE MORE
- 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: Brighton Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brighton Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$606 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$16
|
||
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.
$280,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
4.42
YEARS SAVED
$12,453
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,901
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1127 Deer Valley Lane Arlington, TX 2
- 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,840
- $0.89
-
6233 St. Leonard Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1997
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
1109 Cherrytree Drive Arlington, TX 3
- 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 1987
LEASED 06/21/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
-
1009 Angel Fire Lane Arlington, TX 4
- 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1997
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,900
- $0.89
-
2319 Glenmoor Drive Arlington, TX 5
- 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001
LEASED 11/11/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519935
Last Updated: 02/20/2021
