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

2308 Villanova Street Arlington, TX 76018

3 Beds 3 Baths 2,070 sqft Built 1986

$250,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $120.77
  • 2 Days on Market
  • MLS # : 14496962
  • Updated Date : 01/08/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Only for Sale! Not for Rent! Beautiful 2 Story Home with Open Floor Plan. 2 Spacious Living Rooms, Bedrooms, Breakfast, and Dining Area. Pretty Barn Style Sliding Doors, Great Game Room Loft, and Bonus Storage Room Upstairs! Fabulous Backyard View from Kitchen and Breakfast Area, Large Fenced Backyard with Fantastic Covered Patio for Family, Friends, and Pets to Enjoy. Nice Quiet Neighborhood Yet Still Close to Major Highways and Shopping Centers.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Webb-Britton

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $113k243k

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

Neighborhood: Webb-Britton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9741734

* 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
Bryant Elementary School Primary Regular 604 36 8
Bryant Elementary School Middle Regular 604 36 8
Bowie High School High Regular 3,053 194 5

Bryant Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 36
8
GreatSchools Rating

Bryant Elementary School

  • Education Level: Middle
  • # of students: 604
  • # of teachers: 36
8
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$868
Property Tax -$541
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
$165

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.

$250,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$24,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7954$1,8205$1,890
$1,890
RENT COMPS ANALYSIS
  • 2308 Villanova Street Arlington, TX 4
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.88
    •  
  • 2300 Gladstone Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1985
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 6106 Brandy Wood Trail Arlington, TX 2
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 2210 Gladstone Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1985
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 5310 Hillcroft Avenue Arlington, TX 5
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2004
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
PROPERTY LISTING DETAILS
Karina Gonzalez
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496962
Last Updated: 01/08/2021
BESbswy