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2127 Holt Road Arlington, TX 76006

3 Beds 2 Baths 1,762 sqft Built 1980

$239,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $136.15
  • 2 Days on Market
  • MLS # : 14475404
  • Updated Date : 11/21/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,762 sqft
  • Baths : 2 full
Listing Agent

Texas Connect Realty Llc

Listing Agent's Description

ENTERTAINMENT GALORE! Five minutes from TEXAS LIVE! Texas Rangers Ballpark, Cowboys Stadium, Six Flags and Hurricane Harbor! Superb location and fun for the family all year round! This charming home has an open concept with high ceilings to give that spacious feel and tucked away just off the living area there is a unique coffee room; great space to relax after a long day!

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: Moss Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $105k243k

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

Neighborhood: Moss Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9351734

* 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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$885
Property Tax -$519
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$207

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.

$239,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.77%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$33,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7854$1,7955$1,840
$1,840
RENT COMPS ANALYSIS
  • 2127 Holt Road Arlington, TX 5
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.04
    •  
  • 2303 Lavon Creek Lane Arlington, TX 1
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2503 Holt Road Arlington, TX 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1980
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 2109 Holt Road Arlington, TX 3
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1981
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.10
    •  
  • 2125 Holt Road Arlington, TX 4
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1980
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
PROPERTY LISTING DETAILS
David Lopez
Texas Connect Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475404
Last Updated: 11/21/2020
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