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5309 Pampas Court Arlington, TX 76018

3 Beds 2 Baths 1,396 sqft Built 1982

INVESTimate

$205,900

List Price

$1,470

$1,323 - $1,617

Rent Est.

$227,952  ( +10.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $147.49
  • 4 Days on Market
  • MLS # : 14414626
  • Updated Date : 08/24/2020 at 02:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,396 sqft
  • Baths : 2 full
Listing Agent

Dfw Elite

Listing Agent's Description

Recently Updated: All new windows, and sliding door in living room. This home is a spacious 3 bedrooms with 2 bath. The house has been recently painted inside. Tile flooring is through out the house. It is recently updated with all new energy efficient window and sliding door. Living room has plenty of windows and fill with natural light. Counter top in kitchen is updated with granite. It is conveniently located to all shopping and easy access to highway 20.

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: Village of Fairfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Village of Fairfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9031734

* 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
Williams Elementary School Primary Regular 789 47 5
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Williams Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 47
5
GreatSchools Rating

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
 

$185,310$226,490$205,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$760
Property Tax -$446
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$58

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.

$205,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.71%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,314

INVESTMENT

$60,314

Down Payment
$51,475
Rehab Estimate
$5,750
Closing Costs
$3,089

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,475
Loan Amount $154,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$15,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4753$1,5254$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 5309 Pampas Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.05
    •  
  • 317 Myrtle Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1983
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.03
    •  
  • 200 Kalmia Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 5308 Yaupon Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1983
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 305 Lemon Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1983
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
PROPERTY LISTING DETAILS
Hau Tran
Dfw Elite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414626
Last Updated: 08/24/2020
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