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6924 Clayton Nicholas Court Arlington, TX 76001

3 Beds 3 Baths 2,582 sqft Built 2020

$415,888

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $161.07
  • 6 Days on Market
  • MLS # : 14475994
  • Updated Date : 11/24/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Modern farmhouse custom home with stunning curb appeal located in the secluded gated community of Eden Village. Elongated foyer with entrance to private study. Inviting living room with stone fireplace & high-end coffered ceiling opens to the kitchen featuring oversized island, granite counters, upgraded cooktop & vent hood, under cabinet lighting & large corner pantry. Owner’s retreat & bathroom has it all including his & her vanities, spacious tub, large walk-in shower, and generous sized walk-in closet. Spacious utility room has built-in sink & mud bench. Your new home neighbors a community sitting area, cabana & dog park are both nearby! Wood-tile throughout, NO CARPET. Downtown Arlington just minutes away.

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: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
 

$374,299$457,477$415,888

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,534
Property Tax -$900
Property Insurance -$176
HOA -$42
Property Management Fees -$99
CASH FLOW
-$732

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$415,888

PROJECTED PRICE

$2,020

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$112,210

INVESTMENT

$112,210

Down Payment
$103,972
Rehab Estimate
$2,000
Closing Costs
$6,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,972
Loan Amount $311,916
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$11

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,382

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,3003$2,3504$2,3755$2,495
$2,495
RENT COMPS ANALYSIS
  • 6924 Clayton Nicholas Court Arlington, TX 1
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.78
    •  
  • 804 Whitley Court Kennedale, TX 2
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 7207 Fallen Crest Lane Arlington, TX 3
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 5803 Mira Lago Lane Arlington, TX 4
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2014
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.93
    •  
  • 6921 Clayton Nicholas Court Arlington, TX 5
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2015
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Angela Hornburg
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475994
Last Updated: 11/24/2020
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