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

316 Tabor Drive Arlington, TX 76002

3 Beds 3 Baths 2,805 sqft Built 1998

$311,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $110.87
  • 2 Days on Market
  • MLS # : 14509078
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,805 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Unique and beautiful with 30,000 gallon diving pool & hot tub heated by propane tank. 16x12 workshop with electricity. 20x12 screened porch. Low E windows, 20 Seer AC system, extra insulation, radiant barrier. Master has 13x11 office with cabinetry & work area. 18x8 utility room with walls of cabinets, counters & storage! Private Trex board upstairs deck.

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: Hunter Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k247k

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

Neighborhood: Hunter Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10221931

* 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
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$279,900$342,100$311,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,080
Property Tax -$673
Property Insurance -$189
Property Management Fees -$99
CASH FLOW
-$32

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.

$311,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$88,165

INVESTMENT

$88,165

Down Payment
$77,750
Rehab Estimate
$5,750
Closing Costs
$4,665

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,080

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,750
Loan Amount $233,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,132

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,835
1$1,8352$1,9503$1,9754$2,0105$2,200
$2,200
RENT COMPS ANALYSIS
  • 316 Tabor Drive Arlington, TX 4
    • 3 beds 3 baths ∙ 2,805 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,805 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.72
    •  
  • 302 Tabor Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1999
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.73
    •  
  • 7701 Pittsford Lane Arlington, TX 2
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 221 E Lynn Creek Drive Arlington, TX 3
    • 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.80
    •  
  • 7609 Stanhope Lane Arlington, TX 5
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2001
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
PROPERTY LISTING DETAILS
Linda Paschal
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509078
Last Updated: 01/29/2021
BESbswy