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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $139.51
- 2 Days on Market
- MLS # : 14509497
- Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,577 sqft
- Baths : 1 full , 1 half
Listing Agent
Baas Realty, Llc
Listing Agent's Description
Cozy 3 bedroom and 1.5 bath home with 2 living areas located on large lot that backs up to Deaver Park. Garage conversion into large living room. Large kitchen with u-shaped workspace, granite countertops and stainless steel appliances. Large laundry room with lots of storage possibilities. Most of the interior freshly painted and updated bath rooms. Large covered patio to enjoy relaxing evenings or morning sunshine. Gutter all around and fresh well maintained front landscaping. HVAC and extra insulation 2010; Roof, Gutters and Solar Screens 2011.
SEE MORE
- . 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: Willow Bend-Thousand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Bend-Thousand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$476 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$122
|
||
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.
$220,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
7.33
YEARS SAVED
$19,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,593
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
4303 Willow Tree Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $1.00
-
5801 Willow Valley Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1981
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,395
- $1.01
-
5805 Willow Valley Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981
![property image]()
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
5602 Kingstree Court Arlington, TX 4
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,675
- $0.99
-
5604 Kingstree Court Arlington, TX 5
- 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1980
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,800
- $1.06
PROPERTY LISTING DETAILS
Baas Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509497
Last Updated: 01/31/2021
