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3310 Amberway Drive 
Arlington, TX
76014
3 Beds 2 Baths 1,785 sqft
Built 1981
INVESTimate
$209,000
List Price
$61,135
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $117.09
- 3 Days on Market
- MLS # : 14419954
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,785 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Nice 3-2-2 home with swing entry garage. The home has 2 living areas and 2 dining areas, large open kitchen with view of backyard. Master has 2 closets and dual vanity.
SEE MORE
- . 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: Springridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Springridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$771 |
| Property Tax | -$452 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$77
|
||
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.
$209,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 15.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,135
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,250 |
| Loan Amount | $156,750 |
6.17
YEARS SAVED
$17,316
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,602
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3310 Amberway Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.86
-
1902 Coronado Street Arlington, TX 1
- 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1977
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
2003 Green Apple Lane Arlington, TX 3
- 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1974
![property image]()
LEASED 10/20/19- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
2314 Foxcroft Lane Arlington, TX 4
- 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1982
![property image]()
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
-
2223 Pennington Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1980
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419954
Last Updated: 08/25/2020
