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4430 Terraview Drive Arlington, TX 76001

4 Beds 2 Baths 2,250 sqft Built 2021

$316,990

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $140.88
  • 7 Days on Market
  • MLS # : 14501668
  • Updated Date : 01/18/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,250 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

** The Rylee B plan will have an upgraded elevation and minor changes to the front layout of the Plan** The stunning extended entryway of the Rylee plan leads to a spacious open Kitchen, Nook and Great Room! Covered patio off the kitchen nook to enjoy family cookouts. Large mudroom between laundry and kitchen. The plan includes three secondary Bedrooms with a shared Bath. Master Bath offers a garden tub and oversized Master Closet. A great home for the growing family! Please contact the listing agent for more information on the lot and plan availability.

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
Nancy Neal Elementary School Primary Regular 432 30 10
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Nancy Neal Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
10
GreatSchools Rating

Linda Jobe Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 53
8
GreatSchools Rating

Mansfield Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$285,291$348,689$316,990

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,101
Property Tax -$720
Property Insurance -$157
HOA -$67
Property Management Fees -$99
CASH FLOW
$36

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.

$316,990

PROJECTED PRICE

$2,180

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,002

INVESTMENT

$86,002

Down Payment
$79,248
Rehab Estimate
$2,000
Closing Costs
$4,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,101

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,248
Loan Amount $237,743
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9503$2,1454$2,1805$2,495
$2,495
RENT COMPS ANALYSIS
  • 4430 Terraview Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.97
    •  
  • 4310 Bent Oaks Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 6805 Muirfield Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2013
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 8000 Belchase Way Arlington, TX 3
    • 3 beds 2 baths ∙ 2,205 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,205 Sqft ∙ Built 2008
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.97
    •  
  • 6921 Clayton Nicholas Court Arlington, TX 5
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Curtis Abernathy
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501668
Last Updated: 01/18/2021
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