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201 Jennifer Lane Arlington, TX 76002

3 Beds 2 Baths 1,832 sqft Built 1995

$269,999

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $147.38
  • 1 Days on Market
  • MLS # : 14505289
  • Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,832 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Welcome home to this beautiful POOL home! This GEM has lots to offer! Home features an open living room overlooking the gorgeous oasis of pool! Kitchen has lots of cabinet space with granite countertops and a wonderful nook area with bay windows! LARGE master bedroom with updated master bathroom! Master bath has walk-in ceramic tile shower, separate tub, double sinks and lovely waterfall faucets! Third bedroom is currently being used as a den and has a large walk-in closet! TWO YEAR old AC with extra insulation in the attic making this home energy efficient! Not to mention, this FABULOUS backyard! Have FUN in the SUN with a pool, nicely landscaped backyard and pergola for some good TEXAS BBQ! See you there!

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: Highland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Highland Trail

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
Ashworth Elementary School Primary Regular 520 35 8
Ashworth Elementary School Middle Regular 520 35 8
Seguin High School High Regular 1,653 114 5

Ashworth Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 35
8
GreatSchools Rating

Ashworth Elementary School

  • Education Level: Middle
  • # of students: 520
  • # of teachers: 35
8
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$242,999$296,999$269,999

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$938
Property Tax -$585
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$14

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.

$269,999

PROJECTED PRICE

$1,740

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.1%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,5954$1,6955$1,740
$1,740
RENT COMPS ANALYSIS
  • 201 Jennifer Lane Arlington, TX 5
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.95
    •  
  • 6206 Patriotic Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 425 Betsy Ross Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.93
    •  
  • 217 Faircrest Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1993
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 6518 Country Creek Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1986
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
Janet Pitre
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505289
Last Updated: 01/23/2021
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