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2008 Reverchon Drive Arlington, TX 76017

3 Beds 3 Baths 2,507 sqft Built 1980

$360,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $143.60
  • 3 Days on Market
  • MLS # : 14500998
  • Updated Date : 01/22/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,507 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Wonderful house in charming neighborhood with over $80k quality updates in TOP RATED Mansfield ISD. Minutes from shopping, dining and I-20. Game room large enough for pool table + spacious Living room with fireplace + Flex room. Great for entertaining and enjoying life everyday. Kitchen has granite countertops, stainless steel appliances & lots of storage. Formal dining room could be Office. Spacious Master with his & her walk in closets and separate shower. True split bedroom design. Garage extra long to fit a large vehicle. Shake Metal Roof with 40 year transferable warranty in 2020. Sprinkler system. Well-maintained. Exceptional home with great features and convenient location .. Come see your new home TODAY

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: Turf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Turf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221784

* 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
Charlotte Anderson Elementary School Primary Regular 497 34 8
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Charlotte Anderson Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 34
8
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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,250
Property Tax -$779
Property Insurance -$172
Property Management Fees -$99
CASH FLOW
-$171

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.

$360,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.4%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,212

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0503$2,1304$2,4445$2,565
$2,565
RENT COMPS ANALYSIS
  • 2008 Reverchon Drive Arlington, TX 3
    • 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.85
    •  
  • 6103 Pinwood Circle Arlington, TX 1
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1990
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 5111 Bridgewater Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1983
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 2017 Iron Horse Court Arlington, TX 4
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1979
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,444
    • $0.97
    •  
  • 5526 Cold Springs Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1994
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,565
    • $0.94
    •  
PROPERTY LISTING DETAILS
Anna Henderson
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500998
Last Updated: 01/22/2021
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