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2308 Hunter Place Lane Arlington, TX 76006

4 Beds 4 Baths 3,238 sqft Built 1992

$377,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
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

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: Hunter Place Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Hunter Place Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10222316

* 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
 

$340,110$415,690$377,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,894

INVESTMENT

$105,894

Down Payment
$94,475
Rehab Estimate
$5,750
Closing Costs
$5,669

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,394

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,475
Loan Amount $283,425
See What Happens When You Reinvest Cash Flow

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
$2,700
1$2,7002$2,7503$2,8004$2,930
$2,930
RENT COMPS ANALYSIS
  • 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
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485087
Last Updated: 12/11/2020
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