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1414 Barbara Lane Arlington, TX 76018

5 Beds 2 Baths 1,865 sqft Built 1985

$245,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $131.37
  • 2 Days on Market
  • MLS # : 14478077
  • Updated Date : 11/28/2020 at 19:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,865 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Beautiful 5 bedroom home located in a quiet neighborhood with close proximity to both Dallas and Ft. Worth. This home has been meticulously maintained, and is truly move in ready. Wood flooring throughout the whole home. Large living room opens up to the eat in kitchen which features stainless steel appliances and tons of counter and cabinet space. Backyard has a huge covered patio, dog run, and nice storage building.

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: Oakbrook

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $107k243k

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

Neighborhood: Oakbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9781734

* 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
Fitzgerald Elementary School Primary Regular 598 36 8
Fitzgerald Elementary School Middle Regular 598 36 8
Bowie High School High Regular 3,053 194 5

Fitzgerald Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 36
8
GreatSchools Rating

Fitzgerald Elementary School

  • Education Level: Middle
  • # of students: 598
  • # of teachers: 36
8
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$904
Property Tax -$530
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$62

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.

$245,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6004$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 1414 Barbara Lane Arlington, TX 3
    • 5 beds 2 baths ∙ 1,762 Sqft ∙ Built 1985 5 beds 2 baths ∙ 1,762 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 5715 Magnum Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2000
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 5801 Magnum Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 625 Bristlecone Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 1,833 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,833 Sqft ∙ Built 2001
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 5639 Indian Hill Drive Arlington, TX 5
    • 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1997
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jonathan Jenkins
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478077
Last Updated: 11/28/2020
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