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142 Arbor Glen Drive Euless, TX 76039

3 Beds 3 Baths 2,695 sqft Built 1996

$389,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $144.68
  • 2 Days on Market
  • MLS # : 14510645
  • Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,695 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming beautifully updated 3-2.5.2 or flex 4 bedroom home in sought after Arbor Glen neighborhood. Walk to new elem school. Gourmet kitc updtd with marble counters, gas cook top, convection oven, gorgeous open shelving & more. Full dining room for every type of entertaining. Huge lvg area with gas fireplace that is focal point. French doors lead to easy maintenance back perfect for al fresco living. Mstr suite has plantation shutters & remodeled bath with marble counters, seamless glass shower w 2 heads, and remarkable closet. US loft leads to lg game rm or flex 4th bdrm. Attic access area perfect for closet. 2 addl bedrooms and bath up. Utility rm is down. HOA amenities inc 2 pools, club hse, frt yrd care

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: Arbor Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k270k

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

Neighborhood: Arbor Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931905

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,354
Property Tax -$757
Property Insurance -$183
HOA -$138
Property Management Fees -$99
CASH FLOW
-$291

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.

$389,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,930

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,338

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2403$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 142 Arbor Glen Drive Euless, TX 2
    • 3 beds 3 baths ∙ 2,695 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,695 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.83
    •  
  • 708 Angela Lane Euless, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 408 Attaway Drive Euless, TX 3
    • 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 1994
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 506 Port Royale Way Euless, TX 4
    • 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 706 Angela Lane Euless, TX 5
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Laurel Moberly
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510645
Last Updated: 02/06/2021
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