Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3536 Oak Bend Drive Arlington, TX 76016

4 Beds 3 Baths 3,430 sqft Built 1990

$368,875

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $107.54
  • 3 Days on Market
  • MLS # : 14470699
  • Updated Date : 11/12/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,430 sqft
  • Baths : 3 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

4 Bedroom, 3 living, office, 3 full bathrooms. Wonderful views patio with custom pergola! Updated: Island Kitchen, granite, SS appliances, farm sink, tile. Master bathroom is totally updated including remodeled shower & frameless glass! The other bathrooms have been totally updated. Vinyl Windows. The carpet is almost new. Large master includes spacious bathroom and large walk-in his and hers closets! Downstairs is all tile or hardwood floors. The office (or 5th bedroom) is downstairs and has a bathroom next to it. Game room currently used as large bedroom & has bar & frig. Walk to Jake Langston Park! Highly sought Martin High School. A very well kept home that shows pride of ownership! Priced right!

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
 

$331,988$405,763$368,875

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,361
Property Tax -$799
Property Insurance -$225
Property Management Fees -$99
CASH FLOW
$56

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.

$368,875

PROJECTED PRICE

$2,540

PROJECTED RENT

0.69%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,502

INVESTMENT

$103,502

Down Payment
$92,219
Rehab Estimate
$5,750
Closing Costs
$5,533

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,219
Loan Amount $276,656
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$24,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,581

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5404$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 3536 Oak Bend Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 3,430 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,430 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.74
    •  
  • 4302 Murwick Drive Arlington, TX 1
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1988
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 4504 Foxpoint Court Arlington, TX 2
    • 4 beds 3 baths ∙ 3,323 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,323 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 4131 Timber Trail Drive Arlington, TX 4
    • 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 1995
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
  • 2314 Pheasant Trail Arlington, TX 5
    • 4 beds 4 baths ∙ 3,648 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,648 Sqft ∙ Built 1985
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Peter Colt
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470699
Last Updated: 11/12/2020
BESbswy