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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $164.16
- 2 Days on Market
- MLS # : 14517815
- Updated Date : 02/19/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,528 sqft
- Baths : 3 full
Listing Agent
League Real Estate
Listing Agent's Description
Live and entertain easy! This 4 bed, 3.5 bath single story home is nestled in the established Oaks North neighborhood of Arlington. The home features 2 living areas, 2 dining areas, hardwood floors and a cozy brick fireplace. Owners retreat and living spaces boast vaulted and grand ceilings. Perfect for entertaining, inside and out, with sparkling pool, patio area and large, private yard. Situated on a corner lot with extra parking spaces. Walk to River Legacy Park and the Trinity Trail System - just across the street! Minutes from shopping, dining, entertainment district and the airports.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Oaks North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oaks North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$898 | |
| Property Insurance | -$173 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$142
|
||
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.
$415,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
2.5
YEARS SAVED
$8,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,402
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2740 Laurel Valley Lane Arlington, TX 5
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,470
- $0.98
-
2004 Crooked Creek Lane Arlington, TX 1
- 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1979
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
1907 Palencia Court Arlington, TX 2
- 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1993
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,195
- $1.00
-
2602 Garden Ridge Lane Arlington, TX 3
- 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,485 Sqft ∙ Built 1993
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,290
- $0.92
-
2409 Meandering Way Arlington, TX 4
- 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1979
LEASED 02/04/21- Rent
- Rent Per SQFT
- $2,400
- $0.94
PROPERTY LISTING DETAILS
League Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517815
Last Updated: 02/19/2021
