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4003 Tuscany Lane Arlington, TX 76016

5 Beds 3 Baths 2,406 sqft Built 1987

$299,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $124.65
  • 3 Days on Market
  • MLS # : 14465265
  • Updated Date : 11/05/2020 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Property Shop

Listing Agent's Description

BEAUTIFUL, Home in sought out AISD neighborhood. 4 Bed, 2.5 Bath, Study (Could be a 5th Bed), 2 Living Areas, Breakfast Room and a Formal Dining Room. Home is spacious with large bedrooms, plenty of extra space for storage. Back yard is private. Home has been well-maintained. Master Bath, Kitchen, Windows, Fencing, and Painting have all been updated in recent years. Centrally located to I20,360, Shopping, and Entertainment.

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: 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,107
Property Tax -$649
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$19

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.

$299,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0403$2,0954$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 4003 Tuscany Lane Arlington, TX 2
    • 5 beds 3 baths ∙ 2,406 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,406 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.85
    •  
  • 4500 Palomino Court Arlington, TX 1
    • 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 1979
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 4127 Timber Trail Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1996
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 3408 Viscount Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1978
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 3706 Waycross Court Arlington, TX 5
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 1980
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lisa Hawkins
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465265
Last Updated: 11/05/2020
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