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4400 Enchanted Oaks Drive Arlington, TX 76016

4 Beds 3 Baths 3,165 sqft Built 1994

$625,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $197.47
  • 3 Days on Market
  • MLS # : 14485346
  • Updated Date : 12/12/2020 at 11:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,165 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Love to fish? Love water sports? This fantastic one-story Lake Arlington waterfront home is awesome! Sweeping views of the lake through walls of windows! Unbelievable sunsets on the horizon will amaze daily! The covered dock features a boat lift and multiple watercraft lifts!! There's room for a canoe, too! Hard surface flooring throughout! New ovens! Updated bathrooms! The master bath is huge and there are dual walk-in closets! A three-way split bedroom arrangement gives everyone their own spaces! Working from home is easy with the nice separate study! Motorized solar shades help keep things cool in the summer! Enjoy outdoor living at it's best with the pool, covered patio with cooking area and deck areas!

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,306
Property Tax -$1,353
Property Insurance -$210
HOA -$20
Property Management Fees -$99
CASH FLOW
-$1,258

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.

$625,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.44%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$55

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,421

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3053$2,4004$2,5505$2,730
$2,730
RENT COMPS ANALYSIS
  • 4400 Enchanted Oaks Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 3,165 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,165 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.86
    •  
  • 6906 Shore Breeze Court Arlington, TX 1
    • 5 beds 3 baths ∙ 2,894 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,894 Sqft ∙ Built 2007
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 5506 Independence Avenue Arlington, TX 2
    • 5 beds 3 baths ∙ 3,022 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,022 Sqft ∙ Built 2002
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,305
    • $0.76
    •  
  • 4619 Enchanted Bay Boulevard Arlington, TX 3
    • 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 2000
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 3604 Lake Champlain Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 3,155 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,155 Sqft ∙ Built 1980
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.81
    •  
PROPERTY LISTING DETAILS
Suzanne Mccabe
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485346
Last Updated: 12/12/2020
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