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507 Valley Spring Drive Arlington, TX 76018

3 Beds 2 Baths 1,311 sqft Built 1986

$210,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $160.18
  • 4 Days on Market
  • MLS # : 14517670
  • Updated Date : 03/13/2021 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate, Ltd Co

Listing Agent's Description

Deadline for offers March 13 at 6:00 pm.Very cute, clean 3 bedroom, 2 bath with bonus space that could be an office or play area. Open kitchen looks to breakfast and living. New vinyl flooring, fresh paint. Nice brick wood burning fireplace. Walk across the street to elementary school. Roof and gutters replaced fall 2020

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: Valley Spring

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Valley Spring

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9111734

* 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
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$729
Property Tax -$455
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
$34

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.

$210,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$11,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4503$1,5504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 507 Valley Spring Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.08
    •  
  • 6316 Pilgrim Lane Arlington, TX 2
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 5904 Cohoke Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1994
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 405 Angelina Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1986
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 526 Valley Mills Drive Arlington, TX 5
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 1985
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laura Van Meter
All City Real Estate, Ltd Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517670
Last Updated: 03/13/2021
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