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6604 Arbor Vine Drive Joshua, TX 76058

3 Beds 2 Baths 1,191 sqft Built 2018

$175,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $146.94
  • 3 Days on Market
  • MLS # : 14532278
  • Updated Date : 03/12/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,191 sqft
  • Baths : 2 full
Listing Agent

Century 21 A-one Realty

Listing Agent's Description

This home sits on a spacious 1 acre lot. This home built in 2018 has an open floor plan and a large family room. The kitchen is open to living area with dishwasher and cooking range. It has two full bathrooms with the master bath featuring a large garden tub and separate shower. It sits in Joshua school district with close access to Chisolm Trail Pkwy.

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: Wildberry Acres

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $62k243k

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

Neighborhood: Wildberry Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8191734

* 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
H.d. Staples Elementary School Primary Regular 497 34 5
Loflin Middle School Middle Regular 811 52 6
Joshua Ninth Grade Campus High Regular 391 29 7

H.d. Staples Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 34
5
GreatSchools Rating

Loflin Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 52
6
GreatSchools Rating

Joshua Ninth Grade Campus

  • Education Level: High
  • # of students: 391
  • # of teachers: 29
7
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$608
Property Tax -$420
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$278

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.

$175,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$31,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7003$1,850
$1,850
RENT COMPS ANALYSIS
  • 6604 Arbor Vine Drive Joshua, TX 1
    • 3 beds 2 baths ∙ 1,191 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,191 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.26
    •  
  • 7045 County Road 1017 Joshua, TX 2
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1998
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.28
    •  
  • 6021 Berry Ridge Lane Joshua, TX 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2019
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.23
    •  
PROPERTY LISTING DETAILS
Mark Kramer
Century 21 A-one Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532278
Last Updated: 03/12/2021
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