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3529 Oak Bend Drive Arlington, TX 76016

4 Beds 3 Baths 2,281 sqft Built 1990

$325,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $142.48
  • 3 Days on Market
  • MLS # : 14469227
  • Updated Date : 11/15/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,281 sqft
  • Baths : 2 full , 1 half
Listing Agent

Front Real Estate Co

Listing Agent's Description

Adorable 4 bedroom, 2.5 bathroom home with tons of living and dining space downstairs for entertaining. Little~Young~Martin!! Totally move-in ready. Bright and open 1st floor with fresh paint, high-end laminate wood floors in both living and dining. Gorgeous kitchen with white cabinets, granite, gas range, and updated stainless appliances. Large master with gas fireplace, updated shower and tub, double vanity, and walk-in closet!. Huge backyard for both adults and kids to enjoy. A great patio with tons of shade, tons of trees for hammocking, and a clubhouse for hours of fun for the littles. HVAC, roof, and water heater all just a few years old. All you have to do is move in!

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: Oak Knoll Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Oak Knoll Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10222434

* 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
Miller Elementary School Primary Regular 769 47 3
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7

Miller Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 47
3
GreatSchools Rating

Young Junior High School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 53
7
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,199
Property Tax -$704
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$281

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.

$325,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8253$1,8804$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 3529 Oak Bend Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.82
    •  
  • 2808 Treeview Drive Arlington, TX 1
    • 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
    •  
  • 2616 Treeview Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1977
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.76
    •  
  • 4404 Danbury Court Arlington, TX 4
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1980
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 3408 Viscount Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1978
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
PROPERTY LISTING DETAILS
Erin Bergin
Front Real Estate Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469227
Last Updated: 11/15/2020
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