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1309 Webb Ferrell Road Arlington, TX 76002

4 Beds 3 Baths 2,701 sqft Built 2005

$299,900

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $111.03
  • 5 Days on Market
  • MLS # : 14506219
  • Updated Date : 02/04/2021 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,701 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

SHOW STOPPER. This home has everything you need; all you have to do is pack up and move in. Detail by detail this home showcases pride in ownership. Sellers even added LUXURY ZOYSIA grass in front lawn. All bathrooms are upgraded with granite. Kitchen features beautiful stained cabinets with a large gorgeous granite island that guides the eyes towards the decorative, wood burning fireplace in the open living room. Not short on storage space either; from the laundry room you can access additional storage under the staircase. Master is conveniently located on the lower level. After you spend the day moving into your new home take a shower in your frameless shower or better yet relax in the jetted tub.

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: Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $117k267k

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

Neighborhood: Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10221962

* 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
Thelma Jones Elementary School Primary Regular 551 36 8
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Thelma Jones Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 36
8
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,042
Property Tax -$649
Property Insurance -$183
Property Management Fees -$99
CASH FLOW
$307

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$39,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,2004$2,2755$2,280
$2,280
RENT COMPS ANALYSIS
  • 1309 Webb Ferrell Road Arlington, TX 5
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.84
    •  
  • 8204 San Jose Street Arlington, TX 1
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2007
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 1315 Red Deer Way Arlington, TX 2
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 1601 Grey Willow Lane Arlington, TX 3
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2011
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 7925 Decoy Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2005
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.89
    •  
PROPERTY LISTING DETAILS
Audrelyn Grace
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506219
Last Updated: 02/04/2021
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