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2128 Reverchon Drive Arlington, TX 76017

3 Beds 2 Baths 1,540 sqft Built 1985

$235,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

$68,025

Investment Est.

AVAILABLE

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1 Year
(+9.4%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.1%
Cash Flow	-$252
Value Increase	$22,534

10 YEAR

Cash On Cash	-2.8%
Total Return	12.9%

PROPERTY INFO

November 30, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1985
Price/Sqft : $152.60
7 Days on Market
MLS # : 14478417
Updated Date : 12/05/2020 at 12:25

CONSTRUCTION

Beds : 3
Floor Size : 1,540 sqft
Baths : 2 full

Listing Agent

Acasa Realtors

Listing Agent's Description

Home for the Holidays! This one story, brick home has a Fantastic location walking distance to school, minutes to shopping and highways. Spacious living room with cozy fireplace. Kitchen is ready for your special touches to get ready for your holiday. Master bedroom is split from the secondary bedrooms, with good size closets. Great big backyard with tons of play space. Refrigerator remains

2128 Reverchon Dr

Arlington, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

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)

. 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)

Neighborhood: Turf Club Estates

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

Neighborhood: Turf Club Estates

* 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
Charlotte Anderson Elementary School	Primary	Regular	497	34	8
T.a. Howard Middle School	Middle	Regular	855	59	6
Mansfield Summit High School	High	Regular	2,020	114	4

Charlotte Anderson Elementary School

Education Level: Primary
# of students: 497
# of teachers: 34

GreatSchools Rating

T.a. Howard Middle School

Education Level: Middle
# of students: 855
# of teachers: 59

GreatSchools Rating

Mansfield Summit High School

Education Level: High
# of students: 2,020
# of teachers: 114

GreatSchools Rating

FINANCIALS

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$211,500$258,50000$235,000

PURCHASE PRICE

$1,413$1,72700$1,570

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,570
EXPENSES	Loan Payment	-$867
	Property Tax	-$509
	Property Insurance	-$116
	Property Management Fees	-$99




CASH FLOW -$21

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.

$235,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	9.4%
Maintenance Year (1-5)	8.00%
Vacancy	6.39%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$68,025

Down Payment	$58,750
Rehab Estimate	$5,750
Closing Costs	$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$58,750
Loan Amount	$176,250

See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,570
LIST RENT
$1.02
LIST RENT PER SQFT

$1,563
COMP ESTIMATED VALUE
$1.02
COMP AVG. RENT PER SQFT

Comps Range

$1,570

1$1,5702$1,5753$1,6004$1,6505$1,795

$1,795

RENT COMPS ANALYSIS

1,540
PROPERTY SQFT
$1.02
AVG RENT PER SQFT
$1,563
ESTIMATED VALUE
$1,570
LIST RENT

2128 Reverchon Drive Arlington, TX 5

3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985
Price

Price Per SQFT

$235,000

$152.60
827 Wyndham Place Arlington, TX 1

3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1985
SOLD 10/29/20
Price

Price Per SQFT

$180,000

$115.83
1010 Ashmount Lane Arlington, TX 2

3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1986
SOLD 03/18/20
Price

Price Per SQFT

$199,900

$127.81
6022 Maple Leaf Drive Arlington, TX 3

3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995
SOLD 05/22/20
Price

Price Per SQFT

$199,900

$119.49
2214 Chapel Downs Drive Arlington, TX 4

3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 1986
SOLD 04/07/20
Price

Price Per SQFT

$200,000

$126.18

2128 Reverchon Drive Arlington, TX 1

3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985
Rent

Rent Per SQFT

$1,570

$1.02
2106 Turf Club Drive Arlington, TX 2

3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1985
LEASED 02/28/20
Rent

Rent Per SQFT

$1,575

$0.95
2238 Turf Club Drive Arlington, TX 3

3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2004
LEASED 12/19/19
Rent

Rent Per SQFT

$1,600

$1.06
5626 Fox Hunt Drive Arlington, TX 4

3 beds 3 baths ∙ 1,659 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,659 Sqft ∙ Built 1985
LEASED 11/26/20
Rent

Rent Per SQFT

$1,650

$0.99
2135 Chapel Downs Drive Arlington, TX 5

3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1985
LEASED 10/15/20
Rent

Rent Per SQFT

$1,795

$1.06

PROPERTY LISTING DETAILS

Hazel Munoz
Acasa Realtors

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478417
Last Updated: 12/05/2020

2128 Reverchon Drive Arlington, TX 76017

$235,000

$1,570

$68,025

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Charlotte Anderson Elementary School

T.a. Howard Middle School

Mansfield Summit High School

FINANCIALS

$211,500$258,50000$235,000

$1,413$1,72700$1,570

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$235,000

$1,570

0.67%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$867

4.25

$11,095

$235,000

$152.6

$188,384

$122.33

COMPS RANGE

PRICE COMPS ANALYSIS

$1,570

$1.02

$1,563

$1.02

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS