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3400 Princewood Court 
Arlington, TX
76016
4 Beds 3 Baths 2,104 sqft
Built 1980
INVESTimate
$229,000
List Price
$66,435
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $108.84
- 2 Days on Market
- MLS # : 14420624
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,104 sqft
- Baths : 3 full
Listing Agent
Texas State Realty
Listing Agent's Description
DYI Homeowners here is your Big Opportunity. Lots of Potential for the skilled, and talented Buyer with Vision. Home has great Bones. Custom cabinets and Wood Paneling could be restored or update to achieve your unique style. Roof and HVAC are only a few years old. Part of attached garage in converted to 4th bedroom and full bath. There is a 2 car detached garage too. Corner lot with beautiful mature trees in established neighborhood. Walking distance to Young Junior and Martin High. Easy access to Freeways, shopping, and Restaurants. Seller have new Double Oven, Cook Top and Laminate Floor available for new Owner to install. Buyer to verify all measurements and Schools.
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: Huntwick
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntwick
* 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 | $1,820 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$612 | |
| Property Insurance | -$149 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$116
|
||
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.
$229,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.63% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
6.58
YEARS SAVED
$21,315
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,888
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3400 Princewood Court Arlington, TX 2
- 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,820
- $0.87
-
2621 Southcrest Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1977
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.86
-
4608 Wooded Acres Drive Arlington, TX 3
- 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 1980
![property image]()
LEASED 10/21/19- Rent
- Rent Per SQFT
- $1,895
- $0.85
-
3505 Oak Bend Drive Arlington, TX 4
- 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1990
![property image]()
LEASED 07/18/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
4404 Danbury Court Arlington, TX 5
- 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1980
![property image]()
LEASED 07/19/19- Rent
- Rent Per SQFT
- $2,100
- $0.89
PROPERTY LISTING DETAILS
Texas State Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420624
Last Updated: 08/25/2020
