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4206 Bent Oaks Drive Arlington, TX 76001

3 Beds 2 Baths 1,600 sqft Built 1999

$230,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $143.75
  • 3 Days on Market
  • MLS # : 14484208
  • Updated Date : 12/11/2020 at 21:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 3 bedroom, 2 bath home in established neighborhood with sidewalks. Close by walking trails. The master bathroom features a large walk-in shower made with exotic tile, and separate walk-in closets. Relax in the shade of a covered back porch, and good size back yard with trees. Coveted Kennedale ISD, walk to elementary, and close access to Hwy 287. Roof replaced Spring 2017, master bedroom and bathroom has been updated, fresh paint, new windows. Seller may need a 3 day lease back.

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$849
Property Tax -$498
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$55

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.

$230,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6203$1,6754$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4206 Bent Oaks Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.01
    •  
  • 6310 Walnut Springs Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1983
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 6305 Elm Springs Drive Arlington, TX 3
    • 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
    •  
  • 4500 Gentle Springs Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1988
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 6305 Big Springs Drive Arlington, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Brittany Ballard
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484208
Last Updated: 12/11/2020
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