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3608 Tristan Court Arlington, TX 76016

4 Beds 7 Baths 2,448 sqft Built 2021

$392,700

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $160.42
  • 1 Days on Market
  • MLS # : 14523640
  • Updated Date : 02/27/2021 at 19:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,448 sqft
  • Baths : 2 full , 5 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

To be built beautiful 2,448 sq ft home will feature open concept living and kitchen space, great island perfect for entertaining, stainless steel appliances built in microwave, dining area, large master bedroom with ensuite, double vanities, separate shower and tub with walk in closest, office, 3 secondary bedrooms with walk in closets, powder room for guests, low maintenance back yard with covered patio, and a 3 car side entry garage!

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: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001734

* 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
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7
Young Junior High School Middle Unknown NA

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

Young Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$353,430$431,970$392,700

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,364
Property Tax -$850
Property Insurance -$169
HOA -$50
Property Management Fees -$99
CASH FLOW
-$732

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$392,700

PROJECTED PRICE

$1,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$106,066

INVESTMENT

$106,066

Down Payment
$98,175
Rehab Estimate
$2,000
Closing Costs
$5,891

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,364

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,175
Loan Amount $294,525
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$1,9954$2,295
$2,295
RENT COMPS ANALYSIS
  • 3608 Tristan Court Arlington, TX 1
    • 4 beds 7 baths ∙ 2,448 Sqft ∙ Built 2021 4 beds 7 baths ∙ 2,448 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 4360 Green Acres Circle Arlington, TX 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 4362 Green Acres Circle Arlington, TX 3
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 4708 Englishtown Drive Arlington, TX 4
    • 4 beds 4 baths ∙ 2,641 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,641 Sqft ∙ Built 2008
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
PROPERTY LISTING DETAILS
Julie Duran-ramirez
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523640
Last Updated: 02/27/2021
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