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PROPERTY INFO
FACTS
- Multi Family Home
- Built In 2009
- Price/Sqft : $157.61
- 7 Days on Market
- MLS # : 14486149
- Updated Date : 12/14/2020 at 16:00
CONSTRUCTION
- Beds : 6
- Floor Size : 4,600 sqft
- Baths : 6 full
Listing Agent
Mark Dimas Properties
Listing Agent's Description
Location. Location. Location! In Arlington Heights by the Arts District, close to the University of North Texas Health Science Center, North of I 30 but close to Central Market. Get the best of all worlds. This duplex boasts two units at 2,300 sq feet each. Each unit has 3 bedrooms and 3 bathrooms along with a stand alone dining room and attached 2 car garage. 4736 has been leased as a short term rental and comes fully furnished. 4738 is leased until Spring, reach out to agent for more information on the lease and terms.
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: Arlington Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arlington Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,000 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$1,662 | |
| Property Insurance | -$293 | |
| HOA | -$120 | |
| Property Management Fees | -$198 | |
|
CASH FLOW
$1,052
|
||
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.
$725,000
PROJECTED PRICE
$6,000
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$203,625
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
11.58
YEARS SAVED
$149,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Mark Dimas Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486149
Last Updated: 12/14/2020
