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5107 Chad Drive Arlington, TX 76017

3 Beds 3 Baths 2,396 sqft Built 1984

$317,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $132.68
  • 3 Days on Market
  • MLS # : 14491936
  • Updated Date : 01/16/2021 at 10:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,396 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Property Shop

Listing Agent's Description

MULTIPLE OFFERS RECEIVED! Best and final deadline by 5pm 1-16-2021.*** This is a charming home nestled on a quiet street in Wimbledon, North Arlington. The kitchen has been updated with granite countertops, updated floors in living and dining, 2 spacious living areas with a wet bar. Master has split vanities and walk-in closets. Rear entry garage with workbench. The backyard has a redwood deck, ready for summer BBQs!! This house won't last long, it has been meticulously maintained by ONE owner. Don't let this one get away!!

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: 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
 

$286,110$349,690$317,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,104
Property Tax -$688
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$43

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.

$317,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,994

INVESTMENT

$89,994

Down Payment
$79,475
Rehab Estimate
$5,750
Closing Costs
$4,769

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,104

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,475
Loan Amount $238,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,144

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,0003$2,1004$2,1505$2,565
$2,565
RENT COMPS ANALYSIS
  • 5107 Chad Drive Arlington, TX 3
    • 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 5215 Caliente Drive Arlington, TX 1
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1984
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 3407 Ruidoso Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1983
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 4732 Village Oak Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 1993
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.92
    •  
  • 5526 Cold Springs Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1994
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,565
    • $0.94
    •  
PROPERTY LISTING DETAILS
Gina Whitcher
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491936
Last Updated: 01/16/2021
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