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5811 Polo Club Drive Arlington, TX 76017

4 Beds 3 Baths 2,190 sqft Built 1985

$274,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $125.53
  • 3 Days on Market
  • MLS # : 14500216
  • Updated Date : 01/15/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,190 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Of Arlington

Listing Agent's Description

Gorgeous home, kept to perfection & picture perfect w-refreshed paint throughout! Gleaming hardwood floors greet your arrival, leading past formal living & dining rooms to inviting family room featuring WBFP & open to spacious gourmet kitchen, beautifully updated w-granite ctops & SS appliances to delight the family chef. Bay windowed breakfast nook overlooks pergola covered patio & glistening pool, perfect for family gatherings or the kid's summer fun in the sun! Master suite down w-huge walk in closet, separate shower & soaking tub for those precious moments of peaceful solitude. Upstairs are 3 more bedrooms & a bath to meet your growing family needs.4th bedroom is huge, perfect as a game room or 2nd master.

SEE MORE

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: Turf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Turf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221784

* 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
Charlotte Anderson Elementary School Primary Regular 497 34 8
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Charlotte Anderson Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 34
8
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$955
Property Tax -$595
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$137

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.

$274,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$23,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9403$2,0004$2,1005$2,275
$2,275
RENT COMPS ANALYSIS
  • 5811 Polo Club Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.89
    •  
  • 5619 Swan Lake Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2003
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 6207 Parkside Drive Arlington, TX 3
    • 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 2319 Glenmoor Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 6123 Sandstone Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dan Stafford
Re/max Associates Of Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500216
Last Updated: 01/15/2021
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