Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2201 Emerald Oaks Court Arlington, TX 76017

5 Beds 5 Baths 4,175 sqft Built 1987

$449,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $107.54
  • 3 Days on Market
  • MLS # : 14508145
  • Updated Date : 01/29/2021 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,175 sqft
  • Baths : 5 full
Listing Agent

Tdrealty

Listing Agent's Description

Southern Charm meets Luxury in this beautiful 5 bedroom, 5 bath home. Located In Mansfield ISD!! Grand Entry with wood and tile flooring, tray ceilings, recessed lighting and crown molding throughout. You'll appreciate the family room with built in shelves and stone fireplace that's open to the formal dining room. The Heart of this home is the Kitchen with its custom cabinets, granite counters and center island that's perfect for entertaining or serving guests. There’s also two patio areas, a pool and guest living quarters located above the garage. Parking will never be an issue when hosting family gatherings with an extended driveway and rear 3 car garage. NANNY APARTMENT OVER GARAGE!!

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: Emerald Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $117k300k

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

Neighborhood: Emerald Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10222220

* 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
8
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$1,560
Property Tax -$972
Property Insurance -$268
Property Management Fees -$99
CASH FLOW
$171

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.

$449,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,465

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,070
1$3,0702$3,5003$3,900
$3,900
RENT COMPS ANALYSIS
  • 2201 Emerald Oaks Court Arlington, TX 1
    • 5 beds 5 baths ∙ 4,175 Sqft ∙ Built 1987 5 beds 5 baths ∙ 4,175 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.74
    •  
  • 5206 Oak Lane Arlington, TX 2
    • 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.79
    •  
  • 3111 Collard Road Arlington, TX 3
    • 4 beds 4 baths ∙ 4,485 Sqft ∙ Built 1976 4 beds 4 baths ∙ 4,485 Sqft ∙ Built 1976
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.87
    •  
PROPERTY LISTING DETAILS
Marquez Branson
Tdrealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508145
Last Updated: 01/29/2021
BESbswy