Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bent Oaks Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
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
-
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
Bhhs A Action Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490448
Last Updated: 12/24/2020
