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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $116.71
- 3 Days on Market
- MLS # : 14485087
- Updated Date : 12/11/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,238 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
COME TAKE A LOOK AT THIS STUNNING HOME IN HUNTER PLACE ESTATES! This home has it all with 4 bedrooms, 3.1 baths, a pool and on a great lot! You will love to entertain in this home with a formal dining and 2 living areas separated by a dual gas fireplace. Step inside to the well-designed kitchen that offers great natural light, an island and a breakfast room. Enjoy the backyard year around with the covered sunroom that overlooks the pool for those hot Texas summers. Great location near the new Texas Rangers Golf Club, dining and shopping. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.
SEE MORE
- . 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: Hunter Place Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunter Place Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$1,394 |
| Property Tax | -$818 | |
| Property Insurance | -$214 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$404
|
||
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.
$377,900
PROJECTED PRICE
$2,930
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$105,894
LOAN DETAILS
$1,394
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,475 |
| Loan Amount | $283,425 |
9.67
YEARS SAVED
$61,511
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,914
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2308 Hunter Place Lane Arlington, TX 4
- 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,930
- $0.90
-
2411 Laurel Valley Court Arlington, TX 1
- 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1993
LEASED 04/26/20- Rent
- Rent Per SQFT
- $2,700
- $0.88
-
1900 Pavia Court Arlington, TX 2
- 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 1993
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,750
- $0.86
-
2312 Midway Road Arlington, TX 3
- 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 1983
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,800
- $0.96
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485087
Last Updated: 12/11/2020
