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3520 Mckamy Oaks Trail Arlington, TX 76017

3 Beds 3 Baths 2,536 sqft Built 1983

$289,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $113.96
  • 5 Days on Market
  • MLS # : 14462649
  • Updated Date : 10/31/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,536 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Pinnacle Group Realtors

Listing Agent's Description

Beautiful custom, split level home with a parklike backyard. Enjoy sunlight streaming through the bay window in kitchen with granite countertops, eat-at island, & SS appliances. Only a step away is additional dining area with room to serve a crowd for special occasions. There is ample space with 2 separate living areas each with a WB fireplace, 3 bedrooms, 2.1 baths, & lots of storage. You will discover bonus space in large windowed basement. Ideal for home office, exercise, media room, or 4th bedroom. Stunning, expansive multi-level deck & panoramic backyard. Grassy areas, trees & your sparkling hot tub awaits you! This treasure in a peaceful neighborhood with sought after schools - will go quickly!

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: McKamy Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: McKamy Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Wood Elementary School Primary Regular 725 42 5
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Wood Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 42
5
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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,066
Property Tax -$626
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
$135

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.

$289,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$28,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1004$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 3520 Mckamy Oaks Trail Arlington, TX 3
    • 3 beds 3 baths ∙ 2,536 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,536 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 3403 Boyd Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,291 Sqft ∙ Built 1984
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 3407 Ruidoso Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1983
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 4732 Village Oak Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1993
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.92
    •  
  • 4322 Vine Ridge Court Arlington, TX 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 1992
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
PROPERTY LISTING DETAILS
John Pollock
Re/max Pinnacle Group Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462649
Last Updated: 10/31/2020
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