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5205 Foxgrove Court Arlington, TX 76017

4 Beds 3 Baths 2,153 sqft Built 2007

$249,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $116.07
  • 4 Days on Market
  • MLS # : 14477827
  • Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,153 sqft
  • Baths : 3 full
Listing Agent

Able Realty

Listing Agent's Description

WOW!GORGEOUS 4 BEDROOM 3 BATH HOME HAS 400 SQUARE FOOT MOTHER-IN-LAW SUITE!3 BEDROOM 2 BATH AND 1 BED 1 BATH EFFICIENCY WITH KITCHEN!BEAUTIFUL HOME WITH GORGEOUS STONE ACCENTS AND LARGE FRONT PORCH FOR LOVELY CURB APPEAL!STAINED GLASS FRONT DOOR! ARCHED DOOR WAYS, TALL CEILINGS, RECESSED LIGHTING! BEAUTIFUL ENTRY WITH CHANDELIERS AND PRETTY TILE! GORGEOUS KITCHEN WITH CORIAN COUNTERTOPS, NEW KOHLER SINK, DOUBLE OVEN,GAS, BUILT IN MICROWAVE AND EXTRA CABINETS!OPEN CONCEPT WITH WONDERFUL STONE BREAKFAST BAR! HUGE LAUNDRY ROOM HAS SINK, FOLDING TABLE, AND CABINETS!LARGE MASTER HAS VAULTED CEILINGS,NEW PAINT AND CARPET!LARGE BATH HAS DOUBLE VANITIES AND SEPERATE SHOWER!NICE BACKYARD,STORAGE SHED WITH ELECTRIC!

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MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$922
Property Tax -$541
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
$96

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.

$249,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.72%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8104$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 5205 Foxgrove Court Arlington, TX 3
    • 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.84
    •  
  • 5603 Misty Crest Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1987
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 4100 Brownwood Lane Arlington, TX 2
    • 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1987
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 4362 Green Acres Circle Arlington, TX 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 4732 Village Oak Drive Arlington, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Lawrence Matthews
Able Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477827
Last Updated: 12/03/2020
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