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4734 Cherry Bark Trail Arlington, TX 76005

3 Beds 3 Baths 2,911 sqft Built 2019

$720,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $247.34
  • 3 Days on Market
  • MLS # : 14535705
  • Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,911 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

This house has it all! Gorgeous home that backs to a pond with no neighbors on two sides in the 55+ community of Viridian Village in North Arlington! This 3 bed, 3 bath comes w~ a huge covered patio that features a built in kitchen w~ motorized shades & wood grain tile floor, marble floors throughout common areas, dry bar w~ built in wine cooler, media room, vaulted ceilings, & front office w~ access to bedroom & full bath that can be a mother in law suite! Spotless Kitchen w~ granite counters, double ovens, decorative pendant lighting, cabinet underlighting, & 2 pantries! Private Master suit w~ walk-in closet, Silestone counters, jetted tub, his~hers vanities, & large walk-in double shower!

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.
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,501
Property Tax -$1,559
Property Insurance -$195
HOA -$285
Property Management Fees -$99
CASH FLOW
-$2,139

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.

$720,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$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$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$8,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,540

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3953$2,4004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 4734 Cherry Bark Trail Arlington, TX 4
    • 3 beds 3 baths ∙ 2,911 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,911 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
  • 13325 Vista Glen Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2004
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 3659 E Crowberry Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 1999
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.85
    •  
  • 12920 Peach Tree Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 1999
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 12821 Peach Tree Way Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sarah Brimmage Cave
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535705
Last Updated: 03/20/2021
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