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1414 Clubview Court Arlington, TX 76013

4 Beds 3 Baths 3,443 sqft Built 1980

$450,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $130.70
  • 3 Days on Market
  • MLS # : 14487970
  • Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,443 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This Shady Valley California contemporary with pool is ready for new owners! Surrounded by shade trees & luxury custom homes, you'll love living here! Walk to Shady Valley Golf Club! Filled with light, the central living room with tall vaulted ceiling greets you upon entering! The beautiful stone fireplace commands attention! The primary bedroom & renovated bath with double walk-in closets offer separate outdoor access to the backyard & pool! There's also a second bedroom & full bath downstairs! Upstairs is a humongous game room just waiting for game tables or cozy couches! 2 bedrooms & bath complete the upstairs. A covered patio, workshop-storage space w-electric completes this great backyard! Splish Splash!!

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: Shady Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $117k435k

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

Neighborhood: Shady Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10222374

* 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
Duff Elementary School Primary Regular 680 41 8
Baily Junior High School Middle Regular 797 56 9
Arlington High School High Regular 2,844 176 5

Duff Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 41
8
GreatSchools Rating

Baily Junior High School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 56
9
GreatSchools Rating

Arlington High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 176
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,660
Property Tax -$974
Property Insurance -$226
Property Management Fees -$99
CASH FLOW
-$630

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.

$450,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,522

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,3503$2,4004$2,4955$2,595
$2,595
RENT COMPS ANALYSIS
  • 1414 Clubview Court Arlington, TX 1
    • 4 beds 3 baths ∙ 3,443 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,443 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.68
    •  
  • 1314 Lyra Lane Arlington, TX 2
    • 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2000
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 1805 Wagon Wheel Trail Pantego, TX 3
    • 4 beds 4 baths ∙ 3,525 Sqft ∙ Built 1978 4 beds 4 baths ∙ 3,525 Sqft ∙ Built 1978
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.68
    •  
  • 1321 Lyra Lane Arlington, TX 4
    • 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 1999
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.77
    •  
  • 4056 Shady Valley Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 1966 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 1966
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.72
    •  
PROPERTY LISTING DETAILS
Suzanne Mccabe
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487970
Last Updated: 12/18/2020
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