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6805 Valley Branch Drive Arlington, TX 76001

3 Beds 2 Baths 1,722 sqft Built 1994

$247,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $143.44
  • 3 Days on Market
  • MLS # : 14521322
  • Updated Date : 02/27/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

The Morine Group Realtors

Listing Agent's Description

Stunning single story home in Arlington and Mansfield ISD! Enjoy all the amenities this home has to offer including a sparkling gunite pool with a freshly painted pergola. This beautiful well cared for home offers 3 bedrooms and 2 bathrooms. Spacious eat in kitchen with plenty of counter and cabinet space, decorative lighting and tile backsplash. Inviting family room opens to the kitchen and is anchored by a brick, wood burning fireplace. Master suite with garden tub, separate tiled shower, double sinks, walk-in closet, ceiling fans. Fresh paint in the kitchen, living room, and hall. New charter school is a plus for buyers that want options in schools.

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: Eden Road Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Eden Road Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Kenneth Davis Elementary School Primary Regular 616 44 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Kenneth Davis Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$222,300$271,700$247,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$858
Property Tax -$535
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
$122

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.

$247,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,205

INVESTMENT

$71,205

Down Payment
$61,750
Rehab Estimate
$5,750
Closing Costs
$3,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,750
Loan Amount $185,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$19,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6503$1,6504$1,7405$1,850
$1,850
RENT COMPS ANALYSIS
  • 6805 Valley Branch Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.01
    •  
  • 1101 Valley Branch Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1990
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.03
    •  
  • 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
    •  
  • 6800 W Lynn Creek Drive Arlington, TX 3
    • 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
Colleen Love
The Morine Group Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521322
Last Updated: 02/27/2021
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