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4506 Spanish Indigo Lane Arlington, TX 76005

3 Beds 3 Baths 2,398 sqft Built 2018

$379,888

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $158.42
  • 3 Days on Market
  • MLS # : 14496715
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,398 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pyron Team Realty

Listing Agent's Description

Beautiful one owner Normandy Home located in the master planned Veridian Community has so much to offer and is a Must See!. Featuring 3 spacious bedrooms all up along with spacious Loft that makes a perfect gameroom, utility with sink and cabinets. Large Master offers dbl sink vanity, oversized shower, large walk-in closet. Private office located down along with open family room & wonderful kitchen with large granite eat-at island, stainless appliances, abundant counter & cabinet space & inviting dining area. The home features soft greys & whites throughout, carpet & tile, granite, 8 ft doors, two story ceilings, covered back patio courtyard with synthetic turf & pavers. Community offers something for everyone!

SEE MORE

MARKET HIGHLIGHTS

  • # 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

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.
 

$341,899$417,877$379,888

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,320
Property Tax -$806
Property Insurance -$166
HOA -$128
Property Management Fees -$99
CASH FLOW
-$639

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$379,888

PROJECTED PRICE

$1,880

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,420

INVESTMENT

$106,420

Down Payment
$94,972
Rehab Estimate
$5,750
Closing Costs
$5,698

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,972
Loan Amount $284,916
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$10

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9503$1,9954$2,3455$2,400
$2,400
RENT COMPS ANALYSIS
  • 4506 Spanish Indigo Lane Arlington, TX 1
    • 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.78
    •  
  • 3666 Smoke Tree Trail Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,283 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,283 Sqft ∙ Built 1999
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 12848 Chittamwood Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1998
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 12844 Chittamwood Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 1999
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.90
    •  
  • 12920 Peach Tree Way Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1999
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Spalding Pyron
Pyron Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496715
Last Updated: 01/08/2021
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