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5900 Tidewater Drive Arlington, TX 76018

3 Beds 2 Baths 1,800 sqft Built 1994

INVESTimate

$245,000

List Price

$1,630

$1,467 - $1,793

Rent Est.

$270,505  ( +10.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $136.11
  • 7 Days on Market
  • MLS # : 14412913
  • Updated Date : 08/20/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Super cute home located close to shopping and restaurants! This home is located in a quiet neighborhood and on a corner lot. The spacious living room features hard wood floors, vaulted ceilings and a cozy wood burning fireplace. The kitchen has cabinets galore and stainless appliances. Bedrooms are spacious with walk in closets. This home is a true must see!

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: Colonial Greens South

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k243k

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

Neighborhood: Colonial Greens South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9231734

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$904
Property Tax -$530
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$35

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.

$245,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,6004$1,6305$1,650
$1,650
RENT COMPS ANALYSIS
  • 5900 Tidewater Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.91
    •  
  • 6400 Twin Spruce Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1984
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 5909 King William Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.88
    •  
  • 1015 Mapleview Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1984
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 804 Sansome Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1993
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lisa Ellis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14412913
Last Updated: 08/20/2020
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