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3929 Silkwood Trail Arlington, TX 76016

5 Beds 4 Baths 4,092 sqft Built 1993

$429,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $104.84
  • 3 Days on Market
  • MLS # : 14474756
  • Updated Date : 11/21/2020 at 11:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,092 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Michael Group Real Estate

Listing Agent's Description

Beautiful home in a well-established neighborhood with mature trees! This house has been totally renovated. The carpet, granite, and marble are top of the line. It boasts a beautiful spacious open concept family room and an enormous gourmet kitchen with decorative lighting, perfect for entertaining. 5th bedroom could be a study. New roof. Tiered, landscaped yard. All information, including measurements, is deemed reliable, but not guaranteed. Buyer and agent should verify.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Parker Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Parker Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10222360

* 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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,583
Property Tax -$929
Property Insurance -$264
Property Management Fees -$99
CASH FLOW
$156

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.

$429,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.71%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$36,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,110

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,0303$3,2504$3,500
$3,500
RENT COMPS ANALYSIS
  • 3929 Silkwood Trail Arlington, TX 2
    • 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 1993 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $0.74
    •  
  • 4132 Timber Trail Drive Arlington, TX 1
    • 5 beds 3 baths ∙ 3,898 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,898 Sqft ∙ Built 1996
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.64
    •  
  • 4006 W Pleasant Ridge Road Arlington, TX 3
    • 4 beds 4 baths ∙ 3,822 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,822 Sqft ∙ Built 2007
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.85
    •  
  • 5206 Oak Lane Arlington, TX 4
    • 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Hokyung Chang
The Michael Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474756
Last Updated: 11/21/2020
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