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1411 Niagara Falls Court Arlington, TX 76002

4 Beds 3 Baths 2,596 sqft Built 2012

$350,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $134.82
  • 4 Days on Market
  • MLS # : 14525344
  • Updated Date : 03/05/2021 at 13:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,596 sqft
  • Baths : 3 full
Listing Agent

Meta Real Estate

Listing Agent's Description

This home is amazing in every way. The location Near 287, 360, and I-20 makes the whole metroplex seem close by. With 4 parks, Elementary, Highschool, and TCC south east all within a mile of this house it's location is amazing. There is also shopping in Mansfield less then 2 miles away. With a second living upstairs and an office and formal dinning this space has the flexibility to have space for working from home or online schooling and whatever else 2021 throws at us. The Large shed in the backyard can keep all your lawn equipment and outdoor toys so that you can keep your vehicles out of the elements.

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: Parkcrest Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k247k

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

Neighborhood: Parkcrest Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221879

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,216
Property Tax -$758
Property Insurance -$177
HOA -$35
Property Management Fees -$99
CASH FLOW
-$295

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.

$350,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9253$1,9904$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1411 Niagara Falls Court Arlington, TX 3
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.77
    •  
  • 6507 Watch Hill Court Arlington, TX 1
    • 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1999
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 7107 Lake Jackson Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2002
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.76
    •  
  • 6608 Whisper Crest Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 2,623 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,623 Sqft ∙ Built 2003
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 1315 Red Deer Way Arlington, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jonathan Douglass
Meta Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525344
Last Updated: 03/05/2021
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