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1714 Wild Deer Way Arlington, TX 76002

4 Beds 3 Baths 2,929 sqft Built 2010

$309,995

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $105.84
  • 4 Days on Market
  • MLS # : 14498809
  • Updated Date : 01/16/2021 at 12:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,929 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Arlington

Listing Agent's Description

HIGHEST AND BEST DUE SATURDAY 1-16 AT 8PM! Come view this beautiful home! It has been well maintained by the owners. It offers 4 bedrooms and 2 and a half baths with the the master bedroom being downstairs. The home is sitting in a large corner lot with plenty of backyard space for great entertainment and extended patio. The home has upgraded with shutter blinds and newly stained hardwood flooring. Carpet in the master bedroom was installed in November 2020 and there is still hardwood flooring underneath. The second floor offers a great space for entertainment and movies.

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: Southeast Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Southeast Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10221734

* 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
 

$278,996$340,995$309,995

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,077
Property Tax -$698
Property Insurance -$196
HOA -$39
Property Management Fees -$99
CASH FLOW
$231

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.

$309,995

PROJECTED PRICE

$2,340

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$87,899

INVESTMENT

$87,899

Down Payment
$77,499
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,499
Loan Amount $232,496
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$31,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,109

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,2504$2,3405$2,350
$2,350
RENT COMPS ANALYSIS
  • 1714 Wild Deer Way Arlington, TX 4
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.80
    •  
  • 7720 Labrador Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 8115 York Beach Place Arlington, TX 2
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2007
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.69
    •  
  • 1402 Mule Deer Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2004
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 6032 Cedar Glen Drive Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 3,031 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,031 Sqft ∙ Built 2010
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.78
    •  
PROPERTY LISTING DETAILS
Francisco Martinez
Jp And Associates Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498809
Last Updated: 01/16/2021
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