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6500 Eldorado Drive Arlington, TX 76001

3 Beds 2 Baths 1,694 sqft Built 1986

$219,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $129.81
  • 2 Days on Market
  • MLS # : 14477939
  • Updated Date : 11/28/2020 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,694 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

MULTIPLE OFFERS! -Very Well Cared for One Story Home -Gorgeous Vaulted Ceilings -Light & Bright with an Abundance of Natural Light -Open & Spacious Floor Plan -Fresh Paint throughout 2020 -Luxury Vinyl Plank Flooring -No Carpet! -Kitchen Provides Plenty of Cabinet & Countertop Space -Beautiful Upgraded Granite Countertops -Upgraded Undermount Sink -Sleek Stainless Steel Appliances -Breakfast Bar Opens Perfectly into the Eating Area & Family Room -Oversized Corner Lot is a DREAM with Mature Landscaping -Covered Patio & Deck Area -Private Backyard Wraps Around and is Perfect for Entertaining or Just Relaxing Outside -Plenty of Room to Run & Play -Roof Replaced 2017 -Mansfield ISD -Special Financing Available!

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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$811
Property Tax -$476
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$79

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.

$219,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.72%

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-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$18,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5903$1,6954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 6500 Eldorado Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.94
    •  
  • 6502 Aires Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 901 Shoal Creek Drive Arlington, TX 3
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1995
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 6508 Tempest Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1986
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 6233 St. Leonard Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1997
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Amy Allen
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477939
Last Updated: 11/28/2020
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