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5919 Rock Meadow Trail Arlington, TX 76017

3 Beds 2 Baths 1,277 sqft Built 1998

$200,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $156.62
  • 4 Days on Market
  • MLS # : 14470086
  • Updated Date : 11/13/2020 at 16:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,277 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful wood-look floors greet in foyer & flow into the living area & hallways*Large Living Area has ceiling fan,wood-burning fireplace,surround & flat screen wiring & a wall of windows looking out into the Sunroom*Living is open to Kitchen which boasts corian-style counter-tops,tile flooring,smooth-top range,built-in microwave,pantry & refrigerator remains*Primary Bedroom is split from the others & features a private bathroom & a nice walk-in closet*Bedroom 2 has pretty arched window overlooking front yard*Bedroom 3 has a ceiling fan*2nd Full Bathroom features tile flooring*Sunroom*Nice-sized backyard*Sprinkler System*Move-in Ready!

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: Rolling Acres

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $114k336k

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

Neighborhood: Rolling Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10052171

* 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 High School High Regular 993 60 5

Kennedale High School

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

$180,000$220,000$200,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$738
Property Tax -$433
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$19

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.

$200,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5003$1,5254$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 5919 Rock Meadow Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.09
    •  
  • 5900 Stone Meadow Court Arlington, TX 2
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1998
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 5525 Alta Verde Circle Arlington, TX 3
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.10
    •  
  • 5618 Colebrook Trail Arlington, TX 4
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 5204 Stagetrail Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1985
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ellen Batchelor
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470086
Last Updated: 11/13/2020
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