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5717 Marquette Street Arlington, TX 76018

5 Beds 3 Baths 2,755 sqft Built 1991

$290,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $105.26
  • 2 Days on Market
  • MLS # : 14493067
  • Updated Date : 01/01/2021 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,755 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Jc

Listing Agent's Description

Great Floor Plan with tons of space and room for the entire family! Den or 2nd living has wood burning fireplace and is open to great Kitchen. Breakfast room overlooks fenced back yard with fantastic 12 X 16 two story Barn! Private Master Suite on 1st level, Big Utility room. 2 Minutes from Target Center, 10 minutes to Mall. Easy access to 360 for an easy commute. Come see today!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Webb-Britton

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $113k243k

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

Neighborhood: Webb-Britton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9741734

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,070
Property Tax -$628
Property Insurance -$186
Property Management Fees -$99
CASH FLOW
$117

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.

$290,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,045
1$2,0452$2,0953$2,1004$2,1955$2,400
$2,400
RENT COMPS ANALYSIS
  • 5717 Marquette Street Arlington, TX 3
    • 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 4847 Kingsway Drive Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2000
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.74
    •  
  • 5848 Crestview Drive Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2005
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
  • 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
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 5327 Kathryn Drive Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 2,758 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,758 Sqft ∙ Built 2005
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Pam Hudson
Keller Williams Realty Jc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493067
Last Updated: 01/01/2021
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