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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $141.41
- 3 Days on Market
- MLS # : 14492932
- Updated Date : 01/01/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,284 sqft
- Baths : 3 full
Listing Agent
Jp And Associates Realtors
Listing Agent's Description
**Proposed Construction by Innovation Builders - Construction will not start until the plan is under contract. The current Build time is estimated at 7-9 Months**This Morgan plan is a one and a half story, 3 car garage, 3 Bedroom home is truly a dream! The open Kitchen- Dining - Great room offers an open floor plan concept to give your family plenty of space to relax and enjoy family time together. The center of the home revolves around the Great Room, covered patio, and terrific Kitchen with a large island. The Master Bedroom opens to a Master Bath that offers a garden tub and shower and a large walk-in closet. Gameroom offers an area for family fun. Photo is of the Model and may show upgraded options.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Southwest Arlington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Arlington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,192 |
| Property Tax | -$745 | |
| Property Insurance | -$159 | |
| HOA | -$67 | |
| 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 9% of earned rent to cover both maintenance and periods of vacancy.
$322,990
PROJECTED PRICE
$2,140
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 3.00% |
| 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
$87,592
LOAN DETAILS
$1,192
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,748 |
| Loan Amount | $242,243 |
2.5
YEARS SAVED
$7,483
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,164
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4420 Terraview Drive Arlington, TX 4
- 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $0.94
-
7028 Park Green Drive Arlington, TX 1
- 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2001
![property image]()
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
7211 Garden Green Drive Arlington, TX 2
- 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2004
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,995
- $0.97
-
2319 Glenmoor Drive Arlington, TX 3
- 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
6315 Weaver Drive Arlington, TX 5
- 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010
![property image]()
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
Jp And Associates Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492932
Last Updated: 01/01/2021
