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6308 Blaney Drive Arlington, TX 76001

3 Beds 2 Baths 1,817 sqft Built 1990

INVESTimate

$233,750

List Price

$1,620

$1,458 - $1,782

Rent Est.

$252,544  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $128.65
  • 7 Days on Market
  • MLS # : 14417559
  • Updated Date : 08/25/2020 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,817 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Nice updates & a very large back yard with trees! Floor plan has a room that can be a large bedroom, a 2nd living area, a music room or a study. The first owner of this 2 owner home added some distinctive touches, like Hickory Hard Wood & slate tile flooring, brushed nickel door handles & fixtures. Carpet only in bedrooms. Covered patio, deck, trees & portable gazebo make this backyard enjoyable. Roof replaced in 2013. Heat Pump replaced in 2017. HW Heater replaced in 2016.

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: Timber Run Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $91k243k

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

Neighborhood: Timber Run Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9021734

* 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
 

$210,375$257,125$233,750

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$862
Property Tax -$506
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$20

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.

$233,750

PROJECTED PRICE

$1,620

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,694

INVESTMENT

$67,694

Down Payment
$58,438
Rehab Estimate
$5,750
Closing Costs
$3,506

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$862

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,438
Loan Amount $175,313
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6503$1,6504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 6308 Blaney Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.89
    •  
  • 4310 Cypress Springs Court Arlington, TX 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983
    property image
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 6305 Elm Springs Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1982
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4500 Gentle Springs Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1988
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 4508 Timber Run Drive Arlington, TX 5
    • 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 1986
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Carol Earnest
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417559
Last Updated: 08/25/2020
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