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3317 Tiverton Court Arlington, TX 76001

4 Beds 3 Baths 2,410 sqft Built 1992

INVESTimate

$332,000

List Price

$2,220

$1,998 - $2,442

Rent Est.

$358,693  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $137.76
  • 5 Days on Market
  • MLS # : 14405647
  • Updated Date : 08/25/2020 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,410 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. DEADLINE IS 5 PM THURSDAY. Awesome single story floorplan, original owner home, with a pool...doesn't get much better than this! Split bedrooms, one with en suite bath. Gameroom is located at the rear of the home, with adjacent half bath and could be 5th bedroom, half bath is conveniently located near patio entrance for access from the pool. Wall of windows in living room brings in the backyard views. Beautiful cabinetry in the kitchen, with granite counters. Private master, with access to master closet from the bathroom or the bedroom, perfect for busy morning routines. Quiet street with cul de sac. Roof replaced 2016, AC 2019, water heater 2020.

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: Tiverton Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $117k303k

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

Neighborhood: Tiverton Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222164

* 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
Moore Elementary School Primary Regular 672 41 7
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Moore Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 41
7
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
 

$298,800$365,200$332,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,225
Property Tax -$719
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$11

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.

$332,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,730

INVESTMENT

$93,730

Down Payment
$83,000
Rehab Estimate
$5,750
Closing Costs
$4,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,225

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,000
Loan Amount $249,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,761

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,2004$2,2205$2,275
$2,275
RENT COMPS ANALYSIS
  • 3317 Tiverton Court Arlington, TX 4
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.92
    •  
  • 6416 Big Oak Court Arlington, TX 1
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1997
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 6207 Parkside Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 4007 Bradley Lane Arlington, TX 3
    • 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,556 Sqft ∙ Built 1987
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 6123 Sandstone Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.96
    •  
PROPERTY LISTING DETAILS
Judy Shoemaker
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14405647
Last Updated: 08/25/2020
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