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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $155.96
- 3 Days on Market
- MLS # : 14519662
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,410 sqft
- Baths : 2 full
Listing Agent
Re/max Bluebonnet Country
Listing Agent's Description
Come see this lovely home in the Seville Hills Subdivision that is an Arlington address with Mansfield schools. The home features wood floors...wood-burning fireplace...new heat pump...new roof...insulated garage door and dishwasher!! Master bedroom features two walk-in closets...priced to sell and waiting just for you!! Come see how to make this one yours!!
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: Seville Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seville Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$476 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$42
|
||
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
$1,490
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,024
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
5.42
YEARS SAVED
$12,757
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,481
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
6516 Aires Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,490
- $1.06
-
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
-
6502 Aires Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1986
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,575
- $1.03
-
7004 Flaxford Trail Arlington, TX 4
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
923 W Lynn Creek Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1987
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,650
- $1.06
PROPERTY LISTING DETAILS
Re/max Bluebonnet Country
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519662
Last Updated: 02/19/2021
