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2103 Sleepy Hollow Drive Arlington, TX 76006

4 Beds 3 Baths 2,727 sqft Built 1980

$369,900

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $135.64
  • 4 Days on Market
  • MLS # : 14470156
  • Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 3 full
Listing Agent

Dfw Fine Properties

Listing Agent's Description

Updated 1 story N Arlington home with pool and spa located in established neighborhood. Features a beautiful steel shake roof and gated entry to garage. Wonderful layout with large bedrooms. 4th bdrm and 3rd bath are split from others, great for guest. Owners suite has separate vanities and closets. Pool pump and motor replaced in 2019. Exterior and interior painted in 2018, wood floors replaced 2018. No HOA! Buyer and buyer agent to verify schools and measurements.

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

Neighborhood: Shadow Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k350k

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

Neighborhood: Shadow Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10222269

* 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
Ellis Elementary School Primary Regular 927 52 4
Ellis Elementary School Middle Regular 927 52 4
Lamar High School High Regular 2,918 185 3

Ellis Elementary School

  • Education Level: Primary
  • # of students: 927
  • # of teachers: 52
4
GreatSchools Rating

Ellis Elementary School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 52
4
GreatSchools Rating

Lamar High School

  • Education Level: High
  • # of students: 2,918
  • # of teachers: 185
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,365
Property Tax -$819
Property Insurance -$185
Property Management Fees -$99
CASH FLOW
-$7

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.

$369,900

PROJECTED PRICE

$2,460

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,400

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2753$2,2904$2,4005$2,460
$2,460
RENT COMPS ANALYSIS
  • 2103 Sleepy Hollow Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.90
    •  
  • 2315 Stennett Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1995
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 2639 Cedar View Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1995
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.85
    •  
  • 2602 Garden Ridge Lane Arlington, TX 3
    • 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.92
    •  
  • 2409 Meandering Way Arlington, TX 4
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Amanda Kenvin
Dfw Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470156
Last Updated: 11/12/2020
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