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4216 Murwick Drive Arlington, TX 76016

5 Beds 4 Baths 3,557 sqft Built 1988

$370,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $104.02
  • 3 Days on Market
  • MLS # : 14466938
  • Updated Date : 11/07/2020 at 11:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,557 sqft
  • Baths : 3 full , 1 half
Listing Agent

League Real Estate

Listing Agent's Description

Need space for the entire family? Want quick and easy access to I-20, 820, and 287? Want convenient shopping, restaurant, and entertainment options? Want the kids to go to some of the most desirable schools in Arlington? Do you need it now? Pick up the phone, call your agent, and make an appointment to see this home TODAY. This 5 bedroom home is walking distance to all the best schools, and is sure to check all the right boxes for a number of buyers in the market, so do not be the one to miss out. While the master bedroom resides downstairs, a secondary master can be found upstairs, along with two bedrooms connected with a Jack-n-Jill bath, and another bedroom that just needs a wardrobe to make it complete.

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: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001734

* 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
 

$333,000$407,000$370,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,365
Property Tax -$801
Property Insurance -$233
Property Management Fees -$99
CASH FLOW
$202

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.

$370,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$38,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,730

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5953$2,6004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 4216 Murwick Drive Arlington, TX 4
    • 5 beds 4 baths ∙ 3,557 Sqft ∙ Built 1988 5 beds 4 baths ∙ 3,557 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.76
    •  
  • 4320 Vine Ridge Court Arlington, TX 1
    • 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 4131 Timber Trail Drive Arlington, TX 2
    • 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 1995
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
  • 4517 Little Hollow Court Arlington, TX 3
    • 5 beds 4 baths ∙ 3,312 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,312 Sqft ∙ Built 2004
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 2314 Pheasant Trail Arlington, TX 5
    • 4 beds 4 baths ∙ 3,648 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,648 Sqft ∙ Built 1985
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Dave Sheehan
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466938
Last Updated: 11/07/2020
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