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5114 Haddonstone Drive Arlington, TX 76017

5 Beds 4 Baths 4,193 sqft Built 2004

$385,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $91.82
  • 7 Days on Market
  • MLS # : 14468171
  • Updated Date : 11/10/2020 at 13:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,193 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Spacious home in SW Arlington and in Kennedale ISD. Over 4100 sq. ft. with 5 bedrooms plus a study downstairs and 4 bedrooms and a game room upstairs. 3.5 baths and 3 living areas also. Large island kitchen with granite countertops and stainless steel appliances. The Master bath has a garden tub, separate vanities, and a separate shower. The living room has a rock fireplace with gas starter and a 2-story ceiling.

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: Lake Pointe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k407k

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

Neighborhood: Lake Pointe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9452410

* 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
Kennedale High School High Regular 993 60 5

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,420
Property Tax -$834
Property Insurance -$269
Property Management Fees -$99
CASH FLOW
$108

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.

$385,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$28,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,851

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,730
1$2,7302$2,750
$2,750
RENT COMPS ANALYSIS
  • 5114 Haddonstone Drive Arlington, TX 1
    • 5 beds 4 baths ∙ 4,193 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,193 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.65
    •  
  • 5411 Vicksburg Drive Arlington, TX 2
    • 5 beds 4 baths ∙ 4,029 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,029 Sqft ∙ Built 2001
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.68
    •  
PROPERTY LISTING DETAILS
Don Lawyer
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468171
Last Updated: 11/10/2020
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