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4810 Andalusia Trail Arlington, TX 76017

3 Beds 2 Baths 1,977 sqft Built 1984

$354,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $179.06
  • 3 Days on Market
  • MLS # : 14498493
  • Updated Date : 01/16/2021 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,977 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Extensively renovated single story home in Arlington. Martin High School. This home has all the modern touches that you have dreamed about. Wood-look ceramic tile in main living areas. Lots of light and open floorplan is a plus. Beautiful kitchen overlooks family room. Stainless steel appliances. Spacious dining room. Master bathroom will entice you to relax in the modern stand alone tub. Large covered patio is perfect for outdoor entertaining.

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: Kee Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Kee Brook

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
Moore Elementary School Primary Regular 672 41 7
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Moore Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 41
7
GreatSchools Rating

Boles Junior High School

  • Education Level: Middle
  • # of students: 724
  • # of teachers: 50
8
GreatSchools Rating

Martin High School

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

$318,600$389,400$354,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,230
Property Tax -$766
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
-$436

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.

$354,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$99,560

INVESTMENT

$99,560

Down Payment
$88,500
Rehab Estimate
$5,750
Closing Costs
$5,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,230

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,500
Loan Amount $265,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$1,8755$2,050
$2,050
RENT COMPS ANALYSIS
  • 4810 Andalusia Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 5517 Bradley Court Arlington, TX 2
    • 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,122 Sqft ∙ Built 2001
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 5308 Bright Star Trail Arlington, TX 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1980
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 5005 Bayberry Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2002
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.91
    •  
  • 5501 Bright Star Trail Arlington, TX 5
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1997
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
PROPERTY LISTING DETAILS
Dawn Cotogno
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498493
Last Updated: 01/16/2021
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