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4129 Crossgate Court Arlington, TX 76016

3 Beds 2 Baths 1,922 sqft Built 1993

INVESTimate

$249,900

List Price

$1,740

$1,566 - $1,914

Rent Est.

$270,067  ( +8.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $130.02
  • 6 Days on Market
  • MLS # : 14416457
  • Updated Date : 08/24/2020 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,922 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Gorgeous! Updated 1 story 3 bedroom plus study flex space in a quiet setting backing to trees,creek & cul de sac.Short walk to lake,parks & community pool! Love the large front porch! Wide open design with spacious great room open to dining space. Master retreat separate from both guest bedrooms. Updates include 2020 paint inside & out,wide plank vinyl wood flooring, plumbing fixtures, designer lighting,hardware,dishwasher & cooktop. Private backyard outdoor oasis with freshly stained large entertainment deck. Lush landscape. This home is amazing. A must see! Move in ready. Close to shopping,restaurants,highways & grocery stores.Great neighbors.

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: Crossgate

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k248k

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

Neighborhood: Crossgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221761

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$922
Property Tax -$541
Property Insurance -$138
HOA -$27
Property Management Fees -$99
CASH FLOW
$13

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.

$249,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.07%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6753$1,6954$1,7405$1,895
$1,895
RENT COMPS ANALYSIS
  • 4129 Crossgate Court Arlington, TX 4
    • 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.91
    •  
  • 6804 Blackberry Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
  • 6801 Blackberry Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
  • 4116 Crossgate Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1985
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 4208 Crossgate Court Arlington, TX 5
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1997
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
PROPERTY LISTING DETAILS
Donna Bradshaw
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416457
Last Updated: 08/24/2020
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