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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $153.25
- 2 Days on Market
- MLS # : 14501913
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,447 sqft
- Baths : 2 full , 1 half
Listing Agent
Premiere Properties
Listing Agent's Description
Just minutes from Lake Arlington, this home is located in Shorewood Estates, an excellent area with loads of trees and park like settings. A great 45 foot front porch invites guests and family to come share the peace of this home. The lot is just over one third acre with private with 8 ft fence on one side, a deck and a pool to enjoy. The Master bedroom is downstairs, has walk in closet a separate tub , shower and vanity. Kitchen counters are granite, stainless steel appliances and 16 inch tile floors. The downstairs living areas and Master bedroom floors are beautiful Acacia wood. Don't miss the extra storage space in the garage.Notice the radient barrier too!! This home has it all,move in ready will not last.
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: Shorewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shorewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$812 | |
| Property Insurance | -$169 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$375,000
PROJECTED PRICE
$2,350
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.83
YEARS SAVED
$13,826
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,921
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
6401 Saddle Ridge Road Arlington, TX 5
- 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,350
- $0.96
-
4103 Orchard Hill Drive Arlington, TX 1
- 3 beds 2 baths ∙ 2,430 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,430 Sqft ∙ Built 1983
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
-
4102 Twinhill Court Arlington, TX 2
- 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1983
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,910
- $0.79
-
3819 Shorewood Drive Arlington, TX 3
- 4 beds 4 baths ∙ 2,468 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,468 Sqft ∙ Built 2013
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,000
- $0.81
-
6909 Shore Breeze Court Arlington, TX 4
- 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2007
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.76
PROPERTY LISTING DETAILS
Premiere Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501913
Last Updated: 02/06/2021
