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4103 Double Oak Court Arlington, TX 76001

3 Beds 2 Baths 1,970 sqft Built 1998

$264,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $134.47
  • 4 Days on Market
  • MLS # : 14490448
  • Updated Date : 12/24/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,970 sqft
  • Baths : 2 full
Listing Agent

Bhhs A Action Realtors

Listing Agent's Description

Renovated property with new roof in a very desirable neighborhood and within walking distance to elementary school. This property has many great additions such as RV parking, sun room with colossal windows, and a garden space! 3 Bedroom home with flexible living space that could be a 4th bedroom option. Located on a cul de sac and adjacent to the Sublett Trail Greenbelt. Great space to park your RV with access to 30 amp electrical hook up and water. Full size utility with cabinets. Garden room with backyard views. Large master suite with garden tub, separate shower, dual sinks and walk in closet. Ample supply of cabinets and pantry located in kitchen to satisfy your culinary needs.

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: Bent Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Bent Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221801

* 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
Kennedale High School High Regular 993 60 5

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$977
Property Tax -$574
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
$79

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.

$264,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$21,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8003$1,8004$1,8005$1,870
$1,870
RENT COMPS ANALYSIS
  • 4103 Double Oak Court Arlington, TX 5
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.95
    •  
  • 6305 Elm Springs Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1982
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
  • 6305 Big Springs Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 6315 Meadowmere Lane Arlington, TX 3
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1991
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 4310 Bent Oaks Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Diana Sifuentes
Bhhs A Action Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490448
Last Updated: 12/24/2020
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