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4804 Pier Nine Drive Arlington, TX 76016

4 Beds 3 Baths 2,775 sqft Built 2003

$357,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $128.65
  • 5 Days on Market
  • MLS # : 14510384
  • Updated Date : 02/05/2021 at 11:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,775 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Shows like a model Home! Waterfront @ Enchanted Bay, Lake Arlington! New flooring and paint in this wonderful two story home! Very flexible floorplan with Soaring Ceilings. The huge master suite with huge sitting area will certainly WOW you plus a view of the lake! Downstairs is very open. There is a guest bedroom-study on the first floor. Two living rooms on the first floor and two dining areas. Upstairs there is a game room with a decorative window. There is so much to see! Room sizes are approximate. Photo Shoot scheduled for Monday, Feb. 8

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: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001734

* 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
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7
Young Junior High School Middle Unknown NA

Young Junior High School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 53
7
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating

Young Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$321,300$392,700$357,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,240
Property Tax -$773
Property Insurance -$188
HOA -$55
Property Management Fees -$99
CASH FLOW
-$84

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$357,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1953$2,2704$2,3455$2,400
$2,400
RENT COMPS ANALYSIS
  • 4804 Pier Nine Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.82
    •  
  • 6909 Shore Breeze Court Arlington, TX 1
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2007
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 310 Pennsylvania Avenue Kennedale, TX 2
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2003
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 4402 Spinnaker Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1991
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.85
    •  
  • 4621 Enchanted Isle Court Arlington, TX 5
    • 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sandi Filip
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510384
Last Updated: 02/05/2021
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