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

5719 Myers Road Arlington, TX 76017

3 Beds 2 Baths 1,262 sqft Built 1984

$219,900

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $174.25
  • 2 Days on Market
  • MLS # : 14527943
  • Updated Date : 03/06/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,262 sqft
  • Baths : 2 full
Listing Agent

Mark D. Hixson

Listing Agent's Description

Beautiful updated home in a great neighborhood. Updates include new paint, carpet, wood floor, ceramic tile, granite countertops, electrical fixtures plus more. This house is ready to become your dream home. Come see this one today

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Kennedale Junior High School Middle Unknown NA
Kennedale High School High Regular 993 60 5
Kennedale High School High Unknown NA

Kennedale Junior High School

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

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating

Kennedale High School

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

$197,910$241,890$219,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$764
Property Tax -$476
Property Insurance -$100
Property Management Fees -$99
CASH FLOW
-$79

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.

$219,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.62%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4253$1,4494$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 5719 Myers Road Arlington, TX 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.08
    •  
  • 5909 Willow Valley Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1981
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 5404 Lansingford Trail Arlington, TX 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1978
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.04
    •  
  • 5701 Willow Elm Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1982
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 5810 Woodsetter Lane Arlington, TX 5
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1981
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.12
    •  
PROPERTY LISTING DETAILS
Mark Hixson
Mark D. Hixson
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527943
Last Updated: 03/06/2021
BESbswy