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6309 Berlinetta Drive Arlington, TX 76001

3 Beds 2 Baths 1,288 sqft Built 1985

$197,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $153.65
  • 5 Days on Market
  • MLS # : 14512020
  • Updated Date : 02/04/2021 at 08:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

The Real Estate Power Houses

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Deadline for showings will be Saturday February 6th. Once you step into your new home you will love the view of your fireplace and the cozy feeling. The living room features recessed ceiling for that extra custom feel. The kitchen with breakfast nook is right off the living room for an open feel. The backyard features a nice yard with a covered porch to enjoy any day. The main bedroom features duel vanities, a garden tub and separate shower. Don't wait, come see your new home today and make an offer.

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: Seville Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $97k243k

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

Neighborhood: Seville Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9121734

* 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
Kenneth Davis Elementary School Primary Regular 616 44 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Kenneth Davis Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$178,110$217,690$197,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$687
Property Tax -$428
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$234

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.

$197,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$58,194

INVESTMENT

$58,194

Down Payment
$49,475
Rehab Estimate
$5,750
Closing Costs
$2,969

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$687

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,475
Loan Amount $148,425
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$29,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,5504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 6309 Berlinetta Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.20
    •  
  • 6304 Fairlane Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1985
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 6508 Impala Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1991
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 6016 Meadowside Trail Arlington, TX 3
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1985
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 6403 Tempest Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1985
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kevin Hammon
The Real Estate Power Houses
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512020
Last Updated: 02/04/2021
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