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4807 Bayberry Drive Arlington, TX 76017

5 Beds 4 Baths 3,236 sqft Built 2001

$285,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $88.07
  • 3 Days on Market
  • MLS # : 14488000
  • Updated Date : 12/18/2020 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,236 sqft
  • Baths : 3 full , 1 half
Listing Agent

Seven6 Realty

Listing Agent's Description

Beautiful, spacious and updated are the things that come to mind on this corner lot home. Walk in and be greeted by gorgeous hardwood floors, a huge formal dining room that could easily be made into a billiards room. Lovely updated kitchen with plenty of cabinet and counter space. This well thought out floor plan features two living spaces, a large main bedroom down stairs and 3 bedrooms upstairs with an additional room that could be used as a 5th bedroom or office. The roof is less than 2 years old and the HVAC system was replaced in 2018. While this is one of those homes that’s perfect to entertain everyone in, it also allows for the warm and cozy feeling too! No doubt, this one will go fast!

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

Neighborhood: Bayberry Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Bayberry Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Kennedale High School High Regular 993 60 5

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,052
Property Tax -$678
Property Insurance -$214
Property Management Fees -$99
CASH FLOW
$628

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.

$285,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.94%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$0.0$5.0k$10k$15k$20k$25k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

14.17

YEARS SAVED

$76,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,6704$2,8005$2,925
$2,925
RENT COMPS ANALYSIS
  • 4807 Bayberry Drive Arlington, TX 3
    • 5 beds 4 baths ∙ 3,236 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,236 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.83
    •  
  • 3015 Redstone Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1992
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 4320 Vine Ridge Court Arlington, TX 2
    • 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 5509 Bright Star Trail Arlington, TX 4
    • 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2017
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
  • 5506 Hidden Trails Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 3,512 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,512 Sqft ∙ Built 2004
    property image
    LEASED 07/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $0.83
    •  
PROPERTY LISTING DETAILS
Joshua Ward
Seven6 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488000
Last Updated: 12/18/2020
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