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400 Kingfisher Lane Arlington, TX 76002

3 Beds 2 Baths 1,629 sqft Built 2003

$260,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $159.61
  • 5 Days on Market
  • MLS # : 14512624
  • Updated Date : 02/24/2021 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,629 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Multiple offers final and best due Sunday Feb. 28th at 5pm. Check out this awesome open concept floor plan home! This home boasts a spacious living area with a beautiful fireplace as it’s focal point. The large master bedroom has a garden tub with a separate shower and a roomy walk-in closet. The kitchen has lots of counter space with plenty of cabinets for storage along with a bar area for plenty of seating. There is gorgeous tile throughout the home with carpet in the bedrooms. The large backyard has room enough for a pool and play area. Come see it today because it won’t be here tomorrow!

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: Meadow Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Meadow Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$903
Property Tax -$563
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$26

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.

$260,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$9,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,6954$1,7955$1,975
$1,975
RENT COMPS ANALYSIS
  • 400 Kingfisher Lane Arlington, TX 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.02
    •  
  • 405 Flushing Quail Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2003
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 306 Katydid Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 322 Kingfisher Lane Arlington, TX 4
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 6911 Misty Meadow Lane Arlington, TX 5
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 2005
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
PROPERTY LISTING DETAILS
Dipak Rajyaguru
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512624
Last Updated: 02/24/2021
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