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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,805
LOAN DETAILS
$997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,750 |
| Loan Amount | $215,250 |
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
-
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
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498252
Last Updated: 01/21/2021
