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5408 Bright Star Trail Arlington, TX 76017

3 Beds 2 Baths 1,613 sqft Built 1980

$231,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $143.77
  • 3 Days on Market
  • MLS # : 14522294
  • Updated Date : 02/27/2021 at 12:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,613 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

If you are looking for a 3-2-2 updated property this is the one for you! Brick home features laminate flooring throughout much of home. Entering the property you step into a spacious living room open to pleasant eating area. The kitchen has great counter space plus ample storage. The real gem of this home is in the primary bedroom suite. The spacious bedroom opens into a double bath space. Dual vanity area plus 2 closets! This home is complete with a 2 car garage and pretty backyard. Students attend Martin High School per School Locator web site. The location allows for ease of access to I20, 287 and TX 360. Be sure and bring your lender letter when you come to preview-you will want to submit an offer.

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
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7
Boles Junior High School Middle Unknown NA

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

Boles Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$208,710$255,090$231,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$805
Property Tax -$502
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$183

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.

$231,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.74%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,204

INVESTMENT

$67,204

Down Payment
$57,975
Rehab Estimate
$5,750
Closing Costs
$3,479

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$805

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,975
Loan Amount $173,925
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$25,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7004$1,7105$1,845
$1,845
RENT COMPS ANALYSIS
  • 5408 Bright Star Trail Arlington, TX 4
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.06
    •  
  • 4411 Rising Sun Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 5415 Parliament Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1978
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 4601 Indian Oaks Trail Arlington, TX 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1980
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 5315 Bright Star Trail Arlington, TX 5
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.06
    •  
PROPERTY LISTING DETAILS
Pamela Yoakum
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522294
Last Updated: 02/27/2021
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