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5102 Chad Drive Arlington, TX 76017

4 Beds 4 Baths 3,175 sqft Built 1985

$370,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $116.54
  • 4 Days on Market
  • MLS # : 14445480
  • Updated Date : 10/31/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,175 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

From the minute you step in the front door, enjoy impressive views of the large pond and greenbelt beyond. From the extensive rear deck in the private yard, kitchen, dining and both living areas, all you can say is WOW! So grab your favorite beverage and enjoy a cool fall evening and breathtaking Texas sunset on the deck. Plus, a generously proportioned, impressively renovated high-tone kitchen for your family chef showcases extensive storage with 2 pantries. Roomy 1st floor primary suite boasts of a 2nd fireplace plus a stylish updated bath. Flexible 2nd living area easily adapts to a home office or school area. Oversized 4th bedroom has its own ensuite bath. In turnkey condition, this home is ready to enjoy.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
Wood Elementary School Primary Regular 725 42 5
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Wood Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 42
5
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
 

$333,000$407,000$370,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,365
Property Tax -$801
Property Insurance -$211
Property Management Fees -$99
CASH FLOW
$24

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.

$370,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
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-$5.0k$0.0$5.0k$10k$15k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$21,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,524

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,5004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5102 Chad Drive Arlington, TX 5
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
  • 3015 Redstone Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1992
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 2416 Aramic Court Arlington, TX 2
    • 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 4320 Vine Ridge Court Arlington, TX 3
    • 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 1992
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 3005 Clear Lake Court Arlington, TX 4
    • 5 beds 4 baths ∙ 3,076 Sqft ∙ Built 1984 5 beds 4 baths ∙ 3,076 Sqft ∙ Built 1984
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Holly Koester
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14445480
Last Updated: 10/31/2020
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