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2415 St Gregory Street Arlington, TX 76013

3 Beds 4 Baths 2,216 sqft Built 1984

$250,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $112.82
  • 7 Days on Market
  • MLS # : 14489052
  • Updated Date : 12/21/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,216 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This home has a FRESH NEW LOOK! Don't miss it! Amazing home with many special features. Master suite downstairs, incredible storage, two car rear entry garage, room for office, recently installed double pane windows, and very large upstairs bedrooms. Unbelievable fully floored upstairs attic area. Perfect for adding large game room or whatever preference you have. Concrete tile lifetime roof and real stucco. Cheerful and bright with a great floor plan. On a cul-de-sac in a safe, friendly area. Conveniently located. This home is a must see!

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: Graham Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k243k

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

Neighborhood: Graham Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Swift Elementary School Primary Regular 570 37 5
Baily Junior High School Middle Regular 797 56 9
Arlington High School High Regular 2,844 176 5

Swift Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 37
5
GreatSchools Rating

Baily Junior High School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 56
9
GreatSchools Rating

Arlington High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 176
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$922
Property Tax -$541
Property Insurance -$155
HOA -$8
Property Management Fees -$99
CASH FLOW
$154

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.

$250,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$100k$200k$300k$400k$500k$600k$700k$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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8803$1,8954$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 2415 St Gregory Street Arlington, TX 2
    • 3 beds 4 baths ∙ 2,216 Sqft ∙ Built 1984 3 beds 4 baths ∙ 2,216 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.85
    •  
  • 2709 Blackwood Drive Arlington, TX 1
    • 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,104 Sqft ∙ Built 1965
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 1713 Briardale Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1968
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 2011 Friar Tuck Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1984
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
  • 2020 Juanita Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1969
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
PROPERTY LISTING DETAILS
Carolyn Casselberry
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489052
Last Updated: 12/21/2020
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