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5712 Indian Hill Drive Arlington, TX 76018

4 Beds 3 Baths 3,020 sqft Built 1996

INVESTimate

$269,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$297,003  ( +10.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $89.07
  • 5 Days on Market
  • MLS # : 14418927
  • Updated Date : 08/23/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Nothing SAY Welcome Home like this ONE Owner home located in South Arlington. This Well equipped home has it ALL!  Four NICE LARGE Size bedrooms all located upstairs, a nice formal living & dining room as you walk in, a family room with a cozy fireplace, and an upstairs game room. New interior paint, New Carpet downstairs and a NEW ROOF installed August 2020!  The master suite has a vaulted ceiling, a walk in closet, dual sinks, a jetted garden tub, and a separate shower. Private yard with no neighbors behind you. What more could you ask for?? Come say yes to this address and celebrate the holidays in your new home. This Home will be great for entertaining or for a large family! ASK ABOUT SPECIAL FINANCING

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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: Creekside Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Creekside Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10061734

* 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
Bryant Elementary School Primary Regular 604 36 8
Bryant Elementary School Middle Regular 604 36 8
Bowie High School High Regular 3,053 194 5

Bryant Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 36
8
GreatSchools Rating

Bryant Elementary School

  • Education Level: Middle
  • # of students: 604
  • # of teachers: 36
8
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$992
Property Tax -$582
Property Insurance -$202
HOA -$13
Property Management Fees -$99
CASH FLOW
$111

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.

$269,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$23,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,227

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0954$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 5712 Indian Hill Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,020 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 5104 Chinaberry Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 2851 Park Place Drive Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 3,130 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,130 Sqft ∙ Built 2003
    property image
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.67
    •  
  • 4550 Saint Andrews Drive Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 1996
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 5235 Kathryn Drive Grand Prairie, TX 5
    • 5 beds 3 baths ∙ 2,903 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,903 Sqft ∙ Built 2004
    property image
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
PROPERTY LISTING DETAILS
Alicia Bardere
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418927
Last Updated: 08/23/2020
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