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1908 Caddo Village Road Arlington, TX 76001

4 Beds 3 Baths 2,633 sqft Built 2006

$330,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.33
  • 3 Days on Market
  • MLS # : 14459458
  • Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,633 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Great family home with lots of upgrades featuring an open floorplan. As you enter the home, there is a formal living and dining area and half bath. The kitchen features a gas cooktop, granite counters, a corner pantry and tons of cabinets. The spacious owner suite is downstairs with a spa-like bath and large walk-in closet. Upstairs is a game room, three bedrooms and a bath. The oversized backyard is perfect for the kids to run and play. NEW carpet throughout the home! Close to shopping, restaurants, parks and easy access to freeways. Move-in ready and waiting for your personal touch.

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 Meadows Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k352k

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

Neighborhood: Oak Meadows Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10222675

* 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
Carol Holt Elementary School Primary Regular 476 32 7
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Carol Holt Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 32
7
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,218
Property Tax -$714
Property Insurance -$179
HOA -$29
Property Management Fees -$99
CASH FLOW
-$189

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.

$330,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9953$2,0504$2,1905$2,195
$2,195
RENT COMPS ANALYSIS
  • 1908 Caddo Village Road Arlington, TX 3
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 5724 Polo Club Drive Arlington, TX 1
    • 5 beds 4 baths ∙ 2,583 Sqft ∙ Built 1986 5 beds 4 baths ∙ 2,583 Sqft ∙ Built 1986
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 1122 Edenbrook Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1997
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 6117 Wooded Edge Court Arlington, TX 4
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 1989
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.79
    •  
  • 6422 Parkmont Drive Arlington, TX 5
    • 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 1997
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
PROPERTY LISTING DETAILS
Nancy Granby
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459458
Last Updated: 11/20/2020
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