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6600 Shelton Home Court Arlington, TX 76017

4 Beds 3 Baths 2,752 sqft Built 1995

$330,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $119.91
  • 2 Days on Market
  • MLS # : 14481895
  • Updated Date : 12/05/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,752 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Cabal Realty

Listing Agent's Description

You have the rare opportunity to own this beautiful custom built home in this highly desired gated community of Georgetown Commons that homes are rarely for sale!!! Enjoy updates galore including plantation shutters, wood flooring, granite countertops in kitchen and bathrooms, chef's dream kitchen with gas cooktop and stainless steel appliances, custom lighting AND MORE!!! Great floor plan with an open kitchen to living area, split master living suite on lower lever and 4th bedroom could be used for media or game room!!! Community includes a swimming pool and front and back lawn mowing service IS INCLUDED in the HOA fee!!! Great location just minutes to major shopping areas, restaurants and Interstate 20!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Georgetown Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k292k

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

Neighborhood: Georgetown Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451961

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,218
Property Tax -$714
Property Insurance -$186
HOA -$91
Property Management Fees -$99
CASH FLOW
-$418

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.

$330,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$70

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,888
1$1,8882$1,8903$1,8954$2,0005$2,305
$2,305
RENT COMPS ANALYSIS
  • 6600 Shelton Home Court Arlington, TX 2
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.69
    •  
  • 4617 Rockland Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 2,623 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,623 Sqft ∙ Built 1979
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,888
    • $0.72
    •  
  • 5317 Signal Peak Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1988
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
  • 5131 Ivycrest Trail Arlington, TX 4
    • 4 beds 2 baths ∙ 2,452 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,452 Sqft ∙ Built 1996
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 5506 Independence Avenue Arlington, TX 5
    • 5 beds 3 baths ∙ 3,022 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,022 Sqft ∙ Built 2002
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,305
    • $0.76
    •  
PROPERTY LISTING DETAILS
Mark Cabal
Mark Cabal Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481895
Last Updated: 12/05/2020
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