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5800 Coldsworth Court Arlington, TX 76018

3 Beds 3 Baths 2,826 sqft Built 1995

$287,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $101.56
  • 4 Days on Market
  • MLS # : 14498252
  • Updated Date : 01/21/2021 at 10:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,826 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Spacious and beautiful 3 bedroom home! This home features many updates. The kitchen has updated cabinets and granite counters as well as gas range. There is an over-sized walk-in pantry. Lovely hardwood floors in the living and dining areas. Huge gameroom upstairs with hardwood floor. Large master with beautiful sitting area. Master bath has garden tub with shower as well as walk in shower. Huge master walk in closet. Dual vanities. Recently painted in and out. Nice large sunroom in the rear - great for entertaining! 2nd and 3rd bedrooms are large. Attic is decked for additional storage. Home is adjacent to 6-mile long jog-bike trail. Walking distance to Cravens Park. Large shed in BY as well.

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: Grand Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Grand Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451796

* 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
Bebensee Elementary School Primary Regular 735 42 5
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Bebensee Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 42
5
GreatSchools Rating

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$997
Property Tax -$621
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
$42

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$287,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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$81,805

INVESTMENT

$81,805

Down Payment
$71,750
Rehab Estimate
$5,750
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$14,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8003$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5800 Coldsworth Court Arlington, TX 3
    • 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 1416 Beckwith Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,573 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,573 Sqft ∙ Built 1987
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.68
    •  
  • 6507 Watch Hill Court Arlington, TX 2
    • 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1999
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 5104 Chinaberry Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 6608 Whisper Crest Drive Arlington, TX 5
    • 4 beds 2 baths ∙ 2,623 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,623 Sqft ∙ Built 2003
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kenneth Harbaugh
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498252
Last Updated: 01/21/2021
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