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4203 Ruano Court Arlington, TX 76001

4 Beds 3 Baths 3,203 sqft Built 2021

$496,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $154.85
  • 8 Days on Market
  • MLS # : 14510008
  • Updated Date : 01/31/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,203 sqft
  • Baths : 3 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Beautifully constructed home, near completion in the highly sought after Mansfield ISD, features 4 bedrooms, 3 full bathrooms, office, amazing game-media room, huge open concept living room floor plan, electric fireplace, down stairs master suite features huge walk in closet, double vanities, separate tub and shower, huge outdoor covered patio, gorgeous kitchen layout with oversized island, sits on almost .30 of an acre conveniently located off Hwy 20 and 287, close to shopping and family entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76001

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Zip Code: 76001

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221821

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$446,400$545,600$496,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,723
Property Tax -$1,074
Property Insurance -$212
HOA -$50
Property Management Fees -$99
CASH FLOW
-$578

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$496,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.52%

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) 3.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,440

INVESTMENT

$133,440

Down Payment
$124,000
Rehab Estimate
$2,000
Closing Costs
$7,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,723

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,000
Loan Amount $372,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,5804$2,900
$2,900
RENT COMPS ANALYSIS
  • 4203 Ruano Court Arlington, TX 3
    • 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.81
    •  
  • 1309 Rosebrook Drive Mansfield, TX 1
    • 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002
    property image
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 1313 Sheffield Drive Mansfield, TX 2
    • 4 beds 3 baths ∙ 3,340 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,340 Sqft ∙ Built 2002
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.72
    •  
  • 8107 Summerleaf Drive Arlington, TX 4
    • 5 beds 3 baths ∙ 3,144 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,144 Sqft ∙ Built 2006
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Julie Duran-ramirez
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510008
Last Updated: 01/31/2021
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