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3517 Sunset Lane Dalworthington Gardens, TX 76016

3 Beds 2 Baths 2,115 sqft Built 1982

$320,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $151.30
  • 3 Days on Market
  • MLS # : 14466351
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,115 sqft
  • Baths : 2 full
Listing Agent

Tmp Realty, Llc

Listing Agent's Description

OPEN HOUSE SUNDAY, NOVEMBER 8, 2pm-4pm Beautiful home on a Beautiful .60 acre corner lot! Quiet street in a very well maintained neighborhood. Hardwood flooring, granite countertops. Nice finished out sunroom has heating & cooling system and a closet, could definitely be used as 4th bedroom (currently being used a kids room). Welcome your guests into your home with a gorgeous entry and kitchen. Bedroom with built ins is great for home office, kids room or guest room. Outside features a drive around driveway, new back deck, storage shed and basketball court. Plenty of room to play and entertain.

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: Dalworthington Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $117k407k

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

Neighborhood: Dalworthington Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10222831

* 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
Key Elementary School Primary Regular 545 33 7
Gunn Junior High School Middle Regular 439 36 7
Arlington High School High Regular 2,844 176 5

Key Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 33
7
GreatSchools Rating

Gunn Junior High School

  • Education Level: Middle
  • # of students: 439
  • # of teachers: 36
7
GreatSchools Rating

Arlington High School

  • Education Level: High
  • # of students: 2,844
  • # of teachers: 176
5
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,181
Property Tax -$693
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
-$212

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.

$320,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6503$1,6954$1,7005$1,910
$1,910
RENT COMPS ANALYSIS
  • 3517 Sunset Lane Dalworthington Gardens, TX 5
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.90
    •  
  • 2510 Southcrest Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.83
    •  
  • 2600 Treeview Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1977
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 2621 Southcrest Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1977
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 2808 Treeview Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1978
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
PROPERTY LISTING DETAILS
Stacy Penney
Tmp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466351
Last Updated: 11/06/2020
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