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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $136.65
- 4 Days on Market
- MLS # : 14521599
- Updated Date : 02/25/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,610 sqft
- Baths : 2 full
Listing Agent
Re/max Associates Of Arlington
Listing Agent's Description
Lovely 3 bedroom 2 bath home in South Arlington. Mansfield Schools. Oversized lot offers a huge backyard. Master down. Freshly painted kitchen cabinets and updated master bath with separate sink areas. Upstairs has an open loft area and the additional two bedrooms. AND Bonus storage room located through the upstairs bathroom. Recent Laminate flooring down and carpet replaced in bedrooms and upstairs last week.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Eden Road Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eden Road Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$476 | |
| Property Insurance | -$120 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$180
|
||
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.
$220,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
8.33
YEARS SAVED
$24,226
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
6600 W Lynn Creek Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,640
- $1.02
-
6719 Copperwood Court Arlington, TX 2
- 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 1992
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.98
-
923 W Lynn Creek Drive Arlington, TX 3
- 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
-
6800 W Lynn Creek Drive Arlington, TX 4
- 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1995
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
6808 W Lynn Creek Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1996
LEASED 01/28/21- Rent
- Rent Per SQFT
- $1,850
- $1.07
PROPERTY LISTING DETAILS
Re/max Associates Of Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521599
Last Updated: 02/25/2021
