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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $164.84
- 2 Days on Market
- MLS # : 14509118
- Updated Date : 01/30/2021 at 11:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 2 full , 1 half
Listing Agent
Mark D. Hixson
Listing Agent's Description
Gorgeous updated 3 bedroom 2.5 bath in a desirable area of South Arlington. This gem, located within walking distance of Cravens Park, has an open living area with a tall vaulted ceiling, wood burning fireplace, dining area that is open to living area and also looks out to a beautiful backyard with a large uncovered patio that is 26x10. Conveniently located in this established neighborhood, this incredible home with a large backyard and spacious living area is great for entertaining and has so much to offer.
SEE MORE
- . 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
Neighborhood: Village of Fairfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Fairfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$520 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$240,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
2.75
YEARS SAVED
$5,374
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,489
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
205 Spanish Moss Drive Arlington, TX 1
- 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,490
- $1.02
-
200 Kalmia Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,525
- $1.03
-
5308 Yaupon Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1983
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,525
- $1.03
-
316 Juniper Drive Arlington, TX 4
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1984
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,525
- $1.01
-
327 Moss Hill Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1991
LEASED 12/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
PROPERTY LISTING DETAILS
Mark D. Hixson
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509118
Last Updated: 01/30/2021
