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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $135.30
- 3 Days on Market
- MLS # : 14477800
- Updated Date : 11/28/2020 at 14:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,663 sqft
- Baths : 2 full
Listing Agent
Redestin Real Estate
Listing Agent's Description
Welcome home to this cozy gem with 3 bedrooms and 2 full bathrooms. Master bedroom offers huge bath tub and remodeled stand shower and 2 sink granite counter top. Split bedrooms. No carpet, the whole house is updated with vinyl, Ceramic Tile & granite counter tops. Fresh modern paint throughout the whole house. Vaulted ceiling in living rooms with wet bar and wood burning fireplace. Great Country kitchen with breakfast bar and Breakfast Nook! Large master suite with luxury bath and custom walk-in closet. New fence, new roof just couple months old and lifetime transferable foundation just finished less than a month. Huge backyard with covered patio. Close to highway I20, 287, shopping and tons of entertainment!
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: Colonial Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonial Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$487 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$60
|
||
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.
$225,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
3.42
YEARS SAVED
$7,715
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,559
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
6207 British Lane Arlington, TX 2
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.89
-
6310 Twin Maple Court Arlington, TX 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1984
![property image]()
LEASED 11/30/19- Rent
- Rent Per SQFT
- $1,400
- $0.92
-
705 Valley Spring Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1994
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.98
-
6206 Patriotic Court Arlington, TX 4
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,550
- $0.92
-
425 Betsy Ross Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,560
- $0.93
PROPERTY LISTING DETAILS
Redestin Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477800
Last Updated: 11/28/2020
