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414 Royal Colonnade Arlington, TX 76011

5 Beds 3 Baths 3,026 sqft Built 1993

$415,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $137.14
  • 3 Days on Market
  • MLS # : 14508921
  • Updated Date : 01/29/2021 at 16:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,026 sqft
  • Baths : 3 full
Listing Agent

Vivo Realty

Listing Agent's Description

Beautiful five bedroom, three bath home in The Colonnade gated golf community with golf cart access to Rolling Hills Country Club. The flow of the downstairs works well with the front office that can also be used as a fifth bedroom or nursery, large formal dining area to your left, upon entering the large living room, you are immediately drawn to the beautiful window doors and out to an impressive outside living space. Recent upgrades include a TRANE 16+ SEER 5 ton HVAC system with air purifier and UV light purifier for cleaner air, the roof was replaced in January 2021 and includes a warranty, new carpet and hardwood floors, and many more upgrades and features. Schedule your showing!

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: North Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $117k265k

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

Neighborhood: North Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10222068

* 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
Roquemore Elementary School Primary Regular 630 36 NA
Nichols Junior High School Middle Regular 760 70 4
Lamar High School High Regular 2,918 185 3

Roquemore Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 36
NA
GreatSchools Rating

Nichols Junior High School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 70
4
GreatSchools Rating

Lamar High School

  • Education Level: High
  • # of students: 2,918
  • # of teachers: 185
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,441
Property Tax -$898
Property Insurance -$202
HOA -$83
Property Management Fees -$99
CASH FLOW
-$4

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.

$415,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.8%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7003$2,7204$2,7955$2,800
$2,800
RENT COMPS ANALYSIS
  • 414 Royal Colonnade Arlington, TX 3
    • 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.90
    •  
  • 2120 Wilson Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1973
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 2411 Laurel Valley Court Arlington, TX 2
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1993
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
  • 2004 Lake Country Drive Arlington, TX 4
    • 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980 5 beds 4 baths ∙ 3,321 Sqft ∙ Built 1980
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.84
    •  
  • 2312 Midway Road Arlington, TX 5
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 1983
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Hector Hidalgo
Vivo Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508921
Last Updated: 01/29/2021
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