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2619 Cedar View Drive Arlington, TX 76006

4 Beds 2 Baths 2,358 sqft Built 1994

$315,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $133.59
  • 8 Days on Market
  • MLS # : 14488669
  • Updated Date : 12/22/2020 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,358 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful 1-story in desirable neighborhood on over-sized corner lot, swing drive, 1.5 year old roof open and bright floorplan, vaulted ceilings, engineered wood floors, combined formals, kitchen opens to family room, breakfast bar, gaslog fireplace, breakfast nook,oversized master, crown molding, jetted tub in master, walk-in closets, Texas-sized backyard.

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: The Estates of River Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k354k

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

Neighborhood: The Estates of River Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452445

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,162
Property Tax -$649
Property Insurance -$163
HOA -$10
Property Management Fees -$99
CASH FLOW
$116

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.

$315,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,163

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$2,2003$2,2504$2,2905$2,400
$2,400
RENT COMPS ANALYSIS
  • 2619 Cedar View Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,358 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 1906 San Saba Lane Arlington, TX 1
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1979
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 2416 Knollwood Court Arlington, TX 3
    • 4 beds 2 baths ∙ 2,306 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,306 Sqft ∙ Built 1995
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 2602 Garden Ridge Lane Arlington, TX 4
    • 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.92
    •  
  • 2409 Meandering Way Arlington, TX 5
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Marcus Ku
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488669
Last Updated: 12/22/2020
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