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2126 Gate Pointe Way Arlington, TX 76018

3 Beds 3 Baths 2,834 sqft Built 1998

$300,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $105.86
  • 3 Days on Market
  • MLS # : 14497505
  • Updated Date : 01/22/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,834 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Nestled in the quiet, well-kept neighborhood of Hunterpointe, this Three-bedroom Stunner with In-home Office offers an open floorplan with wood floors, Ceramic Tile, and Modern lighting throughout. The Spacious eat-in kitchen offers the finest environment for Creating Meals, and Memories, or indulge in the Formal dining room setting, created for congeniality. Boasting with natural light, The large downstairs master suite presents dual vanity, separate custom shower, Garden Tub, and Huge walk-in closet. The Upstairs provides a split bedroom design with Flex Room, lending ample space for Relaxation. Coupled with a Massive Back Yard, New Roof, and Tesla Solar Panel System, This Home Exceeds your New Home Desires.

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: Hunter Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $117k262k

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

Neighborhood: Hunter Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10221973

* 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
Beckham Elementary School Primary Regular 616 40 7
Beckham Elementary School Middle Regular 616 40 7
Seguin High School High Regular 1,653 114 5

Beckham Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 40
7
GreatSchools Rating

Beckham Elementary School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 40
7
GreatSchools Rating

Seguin High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,042
Property Tax -$649
Property Insurance -$191
HOA -$33
Property Management Fees -$99
CASH FLOW
-$105

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.

$300,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9103$1,9504$1,9955$2,245
$2,245
RENT COMPS ANALYSIS
  • 2126 Gate Pointe Way Arlington, TX 2
    • 3 beds 3 baths ∙ 2,834 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,834 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.67
    •  
  • 2827 Ector Drive Grand Prairie, TX 1
    • 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2004
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
  • 7200 Wind Elm Court Arlington, TX 3
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 1708 Triumph Trail Arlington, TX 4
    • 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2004
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 6015 Guilia Drive Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.82
    •  
PROPERTY LISTING DETAILS
Robert Echols
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497505
Last Updated: 01/22/2021
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