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1207 Golden View Court Arlington, TX 76001

5 Beds 3 Baths 3,206 sqft Built 1998

$319,500

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $99.66
  • 2 Days on Market
  • MLS # : 14497040
  • Updated Date : 01/09/2021 at 14:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,206 sqft
  • Baths : 3 full
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

Wow, upgrades galore! This gorgeous, newly renovated 5 bedrm 3 full bath home has it all: beautiful laminate floors, new carpet & tile, fresh interior & exterior paint & soaring ceilings as you enter; modern custom wrought iron stairs that you wont see in many homes in this area; open, spacious kitchen features an island, plenty of cabinets, granite countertop, updated tile backsplash & all new stainless steel appliances; new hall bath, garage door & water heater, new plumb & light fixtures; granite also in all 3 baths; huge gamerm & guest bedrm or office is downstairs while master suite & 3 bedrms are up; great exterior features an oversized covered patio & large shed in a pool sized backyard; cul de sac lot

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Brighton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Brighton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451892

* 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
Kenneth Davis Elementary School Primary Regular 616 44 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Kenneth Davis Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

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

$287,550$351,450$319,500

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,110
Property Tax -$692
Property Insurance -$212
Property Management Fees -$99
CASH FLOW
$147

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.

$319,500

PROJECTED PRICE

$2,260

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,418

INVESTMENT

$90,418

Down Payment
$79,875
Rehab Estimate
$5,750
Closing Costs
$4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,110

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,875
Loan Amount $239,625
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,2604$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 1207 Golden View Court Arlington, TX 3
    • 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.70
    •  
  • 204 Matlock Meadow Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2001
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 5216 Vista Verde Drive Arlington, TX 2
    • 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 1996
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 6342 Cobblestone Lane Arlington, TX 4
    • 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1997
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 2416 Aramic Court Arlington, TX 5
    • 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
PROPERTY LISTING DETAILS
Yen Vo
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497040
Last Updated: 01/09/2021
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