Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5700 Sterling Green Trail Arlington, TX 76017

3 Beds 2 Baths 1,369 sqft Built 1985

$225,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $164.35
  • 4 Days on Market
  • MLS # : 14522537
  • Updated Date : 02/27/2021 at 08:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,369 sqft
  • Baths : 2 full
Listing Agent

Re/max Four Corners

Listing Agent's Description

CHARMING HOME ON SPACIOUS OVER-SIZED CORNER LOT AWAITS YOU! Meticulously maintained by long-time homeowners, this home has character and recent updates throughout including updated bathrooms, all new flooring, freshly painted interior, and more! Enjoy the upgraded garden of lush landscape as it blooms in the Spring complete with rose garden, stone walk way, rod iron fence, and beautiful double back doors. This home is a MUST-SEE as it won't last long!

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$782
Property Tax -$487
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
-$14

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.

$225,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.65%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,6503$1,7004$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 5700 Sterling Green Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.07
    •  
  • 6001 Sandstone Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1984
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 3703 Mahonia Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1980
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 2109 Reverchon Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 5611 Autumn Wheat Trail Arlington, TX 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1985
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
PROPERTY LISTING DETAILS
Christie Thornton
Re/max Four Corners
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522537
Last Updated: 02/27/2021
BESbswy