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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $119.67
- 4 Days on Market
- MLS # : 14510649
- Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,050 sqft
- Baths : 3 full
Listing Agent
Front Real Estate Co
Listing Agent's Description
An entertainer's dream! SO much living space inside and out. Living features 2-story ceilings, a brick fireplace, and a gorgeous suspended wood staircase. Gameroom with wet bar, large kitchen, 2 dining areas, office space, and master suite all downstairs! The master suite has a gas fireplace, large walk-in closet, updated shower, and a jacuzzi tub ROOM, perfect for a gym or yoga space. 3 bedrooms and a full bathroom upstairs. 4th bedroom has built-in cabinets and a balcony, great for a playroom. If you still need more space, step outside to the newly updated back patio. Large covered and uncovered flagstone patio areas for all the bird watching, game watching, and BBQ'ing you can handle.Butler~Shack~Lamar
SEE MORE
- 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: Enchanted Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enchanted Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,620 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$790 | |
| Property Insurance | -$203 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$260
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$365,000
PROJECTED PRICE
$2,620
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
7.92
YEARS SAVED
$37,830
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,631
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2208 Cork Oak Court Arlington, TX 4
- 4 beds 4 baths ∙ 3,050 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,050 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,620
- $0.86
-
1308 Crowley Road Arlington, TX 1
- 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1974
LEASED 08/08/19- Rent
- Rent Per SQFT
- $2,500
- $0.89
-
1304 Millbrook Drive Arlington, TX 2
- 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1974
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,500
- $0.87
-
1200 Woodbine Street Arlington, TX 3
- 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1994
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,600
- $0.85
-
2004 Lake Country Drive Arlington, TX 5
- 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,795
- $0.84
PROPERTY LISTING DETAILS
Front Real Estate Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510649
Last Updated: 02/06/2021
