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1507 N Fielder Road Arlington, TX 76012

5 Beds 3 Baths 3,265 sqft Built 1983

$492,500

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $150.84
  • 1 Days on Market
  • MLS # : 14478065
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,265 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Stunning Modern Estate in popular North Arlington. Minutes to Ranger Stadium, Cowboy Stadium, Texas Live, shopping, restaurants. Easy drive to downtown Dallas or FW. Home features full remodel with lovely wood laminate floors, tons of natural light, wet bar, vaulted ceilings, split bedroom arrangement or guests. Kitchen features Bianco Carrara marble countertops, updated appliances, lots of storage. Oversized laundry room off kitchen. Huge master with doors to flexible garden room and backyard. Master bath features 2 closets, 2 vanities with enormous double shower. Large backyard with enough space for a pool, play equipment, and much more. Circle drive and additional RV or Boat parking behind privacy gate.

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: Oak Glen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Oak Glen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Wimbish Elementary School Primary Regular 667 35 3
Shackelford Junior High School Middle Regular 722 49 5
Lamar High School High Regular 2,918 185 3

Wimbish Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 35
3
GreatSchools Rating

Shackelford Junior High School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 49
5
GreatSchools Rating

Lamar High School

  • Education Level: High
  • # of students: 2,918
  • # of teachers: 185
3
GreatSchools Rating
 

$443,250$541,750$492,500

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,817
Property Tax -$1,066
Property Insurance -$216
Property Management Fees -$99
CASH FLOW
-$458

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.

$492,500

PROJECTED PRICE

$2,740

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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-$10k-$5.0k$0.0$5.0k

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$136,263

INVESTMENT

$136,263

Down Payment
$123,125
Rehab Estimate
$5,750
Closing Costs
$7,388

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,817

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,125
Loan Amount $369,375
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,656

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,6003$2,7404$2,795
$2,795
RENT COMPS ANALYSIS
  • 1507 N Fielder Road Arlington, TX 3
    • 5 beds 3 baths ∙ 3,265 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,265 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.84
    •  
  • 1009 Redbud Court Arlington, TX 1
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 1963 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 1963
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 1200 Woodbine Street Arlington, TX 2
    • 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1994
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
  • 2004 Lake Country Drive Arlington, TX 4
    • 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
Don Lawyer
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478065
Last Updated: 11/28/2020
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