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5011 Andalusia Trail Arlington, TX 76017

3 Beds 2 Baths 1,677 sqft Built 1984

$245,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $146.09
  • 4 Days on Market
  • MLS # : 14494138
  • Updated Date : 01/09/2021 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,677 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Adorable 3 bedroom single story home in desirable Kee Brook Estates. MOVE IN READY featuring granite counters in kitchen and baths, laminate floors in living, dining and master. Large back yard with stone retaining wall, sprinkler system, retractable patio cover. Martin High School attendance zone.

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
Corey Elementary School Primary Regular 619 38 7
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Corey Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 38
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$851
Property Tax -$530
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$95

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.

$245,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.69%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$18,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7004$1,7005$1,845
$1,845
RENT COMPS ANALYSIS
  • 5011 Andalusia Trail Arlington, TX 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 5709 Roundup Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1987
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4607 Andalusia Trail Arlington, TX 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 5415 Parliament Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1978
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 5315 Bright Star Trail Arlington, TX 5
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.06
    •  
PROPERTY LISTING DETAILS
Timothy Beary
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494138
Last Updated: 01/09/2021
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