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6611 Tabor Drive Arlington, TX 76002

3 Beds 2 Baths 1,804 sqft Built 1997

INVESTimate

$238,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$247,734  ( +4.09%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $131.93
  • 5 Days on Market
  • MLS # : 14408956
  • Updated Date : 08/25/2020 at 15:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This amazing home is nestled in the burgeoning Lynn Creek area of South Arlington. Surrounded by parks, trails, and green-spaces, there is no shortage of outdoor recreation. It has the perfect layout with the master bed secluded away from kitchen and guest areas. Diligently cared for with: fantastic engineered floors, monolithic kitchen counter & backsplash, covered patio, large yard, 8 foot privacy fence and a new roof (2020). Great highway access that's just off the last FREE exit before the 360 toll centrally located between Dallas and Fort Worth, as well as the DFW airport. This is a wonderful single-story move-in ready home, great for the next chapter of your life.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Highland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Highland Trail

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Ashworth Elementary School Primary Regular 520 35 8
Ashworth Elementary School Middle Regular 520 35 8
Seguin High School High Regular 1,653 114 5

Ashworth Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 35
8
GreatSchools Rating

Ashworth Elementary School

  • Education Level: Middle
  • # of students: 520
  • # of teachers: 35
8
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$214,200$261,800$238,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$878
Property Tax -$515
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$34

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.

$238,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.09%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,820

INVESTMENT

$68,820

Down Payment
$59,500
Rehab Estimate
$5,750
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,169

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
  • $0.88

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5993$1,6004$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 6611 Tabor Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.88
    •  
  • 6923 Misty Meadow Lane Arlington, TX 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.98
    •  
  • 6721 Waterlilly Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2002
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 7003 Thunderbird Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 6728 Snapdragon Lane Arlington, TX 5
    • 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2002
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
PROPERTY LISTING DETAILS
Brent Hickenbotham
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14408956
Last Updated: 08/25/2020
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