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3808 Marine Court Arlington, TX 76016

4 Beds 3 Baths 2,467 sqft Built 1985

$324,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $131.70
  • 4 Days on Market
  • MLS # : 14457727
  • Updated Date : 11/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,467 sqft
  • Baths : 2 full , 1 half
Listing Agent

Twenty-two Realty

Listing Agent's Description

STUNNING ONE OWNER CUSTOM HOME MINUTES FROM LAKE ARLINGTON!This beauty is loaded w expensive upgrades including newer roof,leaf guard gutters,piered beam slab,recently replaced water heaters & windows,solar lights in trees & more!The neighborhood will WOW you w its gorgeous towering trees & upon arrival find a beautifully landscaped home nestled into the cul-de-sac street.Inside, find a bright open concept & fun multi-levels!The windows are amazing & overlook the peaceful & private backyard.Huge kitchen w tons of cabinets,LVT flooring & unique custom pantry!Lg bedrooms w walk in closets & extra storage throughout.Entertain guests in style on your $10k deck w built in seating!This home is a RARE FIND!HURRY!

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
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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,199
Property Tax -$703
Property Insurance -$170
Property Management Fees -$99
CASH FLOW
-$241

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.59%

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) 8.00%
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

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

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 $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8753$1,8954$1,9255$1,930
$1,930
RENT COMPS ANALYSIS
  • 3808 Marine Court Arlington, TX 5
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.78
    •  
  • 5816 Gatewood Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1977
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 4102 Twinhill Court Arlington, TX 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 4103 Orchard Hill Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 2,430 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,430 Sqft ∙ Built 1983
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 4109 Orchard Hill Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lanae Humbles
Twenty-two Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14457727
Last Updated: 11/05/2020
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