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4415 Ebony Sky Trail Arlington, TX 76005

4 Beds 4 Baths 3,303 sqft Built 2019

INVESTimate

$475,000

List Price

$2,340

$2,106 - $2,574

Rent Est.

$497,325  ( +4.70%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $143.81
  • 10 Days on Market
  • MLS # : 14414996
  • Updated Date : 08/18/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,303 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

This 2019 home has all the bells and whistles. Barley lived it. Inviting and elegant open floor plan, wonderful hard wood floors, lots of windows and high ceilings. Bright and neutral throughout. Fantastic kitchen with SS appliances and huge granite island, perfect for having breakfast. Open to the large family room. Master suite on first floor. Upstairs with game room and separate media room. Split bedrooms with full bath in between. Corner lot with side patio and courtyard. And you will be able to enjoy all the community amenities.... Club House, Pool, Golf, Greenbelt, Jogging Bike Path, Park, Playground, Private Lake, Tennis

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: 76005

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k419k

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

Zip Code: 76005

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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.
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,753
Property Tax -$1,028
Property Insurance -$218
HOA -$79
Property Management Fees -$99
CASH FLOW
-$837

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$475,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 4.70%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,875

INVESTMENT

$127,875

Down Payment
$118,750
Rehab Estimate
$2,000
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$17

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,340
$2,340
RENT COMPS ANALYSIS
  • 4415 Ebony Sky Trail Arlington, TX 3
    • 4 beds 4 baths ∙ 3,303 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,303 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.71
    •  
  • 13113 Spinning Glen Street Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 12928 Peach Tree Way Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,019 Sqft ∙ Built 1999
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
Michelle Daniel
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414996
Last Updated: 08/18/2020
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