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2717 Foxpoint Trail Arlington, TX 76017

3 Beds 2 Baths 1,862 sqft Built 2007

$259,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $139.58
  • 3 Days on Market
  • MLS # : 14471122
  • Updated Date : 11/14/2020 at 23:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,862 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Rare, David Weekley one story in a gated community! Handsome curb appeal, brick front porch, open concept with spacious island kitchen offering granite counters and abundant storage. The living area boasts high ceilings, mounted speakers, a cozy fireplace and shelving, and views of the backyard. Excellent floor plan with the secondary bedrooms split from the owner's suite for privacy. The primary bedroom can accommodate larger-scale furniture pieces and features a huge walk-in closet, separate tub and shower, and separate vanities. Fresh interior paint and new carpeting make this one move-in ready. Two car garage, community park and playground. Truly a must see property that will not last.

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: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
Wood Elementary School Primary Regular 725 42 5
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Wood Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 42
5
GreatSchools Rating

Boles Junior High School

  • Education Level: Middle
  • # of students: 724
  • # of teachers: 50
8
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$959
Property Tax -$563
Property Insurance -$135
HOA -$54
Property Management Fees -$99
CASH FLOW
-$100

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.

$259,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7103$1,7754$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 2717 Foxpoint Trail Arlington, TX 2
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.92
    •  
  • 4611 Oak Club Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1987
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 2800 Glen Ridge Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1988
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.98
    •  
  • 4360 Green Acres Circle Arlington, TX 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 4362 Green Acres Circle Arlington, TX 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cody Farris
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471122
Last Updated: 11/14/2020
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