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203 Golden Arrow Drive Hudson Oaks, TX 76087

4 Beds 3 Baths 2,572 sqft Built 2014

$399,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $155.48
  • 5 Days on Market
  • MLS # : 14485285
  • Updated Date : 12/23/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,572 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tina Hearne, Realtors

Listing Agent's Description

Beautifully finished home in Red Eagle Ranch. This spacious and well thought out floorplan includes 4 bdrm PLUS Flex room, 2.5 baths, and 3-car garage. The open living area has wood beams, tile wood like floor, and a beautiful stone wood burning fire place. Kitchen boasts gorgeous wood cabinetry, granite counter tops, a decorative stone back splash and stainless steel appliances. Attractive Master retreat with Garden tub, and dual vanities. Enjoy the outdoor living complete with oversized covered patio, wood burning fireplace, privacy fence and shed, all on .75 fully sprinkled acres! This home is well appointed and has everything you need! KITCHEN SS REFRIGERATOR AND MOWER WILL STAY WITH ACCEPTABLE OFFER.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262325

* 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
Mary Martin Elementary School Primary Regular 590 34 5
Mary Martin Elementary School Middle Regular 590 34 5
Weatherford High School High Regular 2,238 148 6

Mary Martin Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Mary Martin Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,475
Property Tax -$721
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
-$181

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.

$399,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,379

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1953$2,2004$2,2905$2,595
$2,595
RENT COMPS ANALYSIS
  • 203 Golden Arrow Drive Hudson Oaks, TX 4
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.89
    •  
  • 2222 Old Foundry Road Weatherford, TX 1
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 1540 Stetson Drive Weatherford, TX 2
    • 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2012
    property image
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.91
    •  
  • 123 Crestview Drive Hudson Oaks, TX 3
    • 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,445 Sqft ∙ Built 2002
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 1624 Salado Trail Weatherford, TX 5
    • 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.97
    •  
PROPERTY LISTING DETAILS
Annette Gal
Tina Hearne, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485285
Last Updated: 12/23/2020
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