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6109 Amicable Drive Arlington, TX 76016

4 Beds 3 Baths 2,131 sqft Built 1981

$330,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $154.86
  • 2 Days on Market
  • MLS # : 14486624
  • Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,131 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texcel Real Estate, Llc

Listing Agent's Description

Welcome to 6109 Amicable Dr in Arlington. Right by Lake Arlington. This beautiful one level home sits on a heavily wooded lot. Inside you will find a large living area and formal dining room with 10 foot ceilings and a wood burning fireplace. Kitchen features double ovens, solid surface countertops, pantry, breakfast nook and bar. Large master bedroom and bathroom features oversized closet, large soaking tub, walk in shower and dual sinks. Covered rear patio off living room. Home has been updated with heat and air, windows and roof. 4th bedroom has a closet but is well suited to be office. Half bath near utility room, Side entry porch from driveway. Great house in an established neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001734

* 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
Ditto Elementary School Primary Regular 760 42 10
Ditto Elementary School Middle Regular 760 42 10
Martin High School High Regular 3,361 199 7

Ditto Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 42
10
GreatSchools Rating

Ditto Elementary School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 42
10
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,218
Property Tax -$714
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
-$341

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.

$330,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6754$1,6955$1,840
$1,840
RENT COMPS ANALYSIS
  • 6109 Amicable Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.86
    •  
  • 3507 Walden Trail Arlington, TX 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 5816 Gatewood Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1977
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 3803 Wrentham Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1978
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 3807 Rustic Forest Trail Arlington, TX 4
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1978
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
PROPERTY LISTING DETAILS
Derek Carter
Texcel Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486624
Last Updated: 01/02/2021
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