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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $111.54
- 3 Days on Market
- MLS # : 14480484
- Updated Date : 12/05/2020 at 15:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,824 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
#HelloHome Stunning one owner, well maintained home in desirable Mansfield ISD. Situated perfectly on a large lot with an even larger backyard and covered patio. Hardwood floors & 9' tall ceilings greet you at the front door and extend into the large family room and kitchen. An open gourmet kitchen with stainless steel appliances, granite countertops, rich amazing 42' dark wood cabinets that opens to a huge family room with a beautiful fireplace that's perfect for entertaining. Spacious master retreat, nestled away for maximum privacy and amazing size walking-closet. Upstairs has a game room for family fun, 3 oversized bedrooms with walking closet. Large backyard makes this home a gem! Walking trail nearby.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Southwind
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwind
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$682 | |
| Property Insurance | -$190 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$44
|
||
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.
$315,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.58
YEARS SAVED
$12,695
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,104
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
700 Underhill Drive Arlington, TX 3
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $2,130
- $0.75
-
9114 Lockhart Drive Arlington, TX 1
- 3 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006
![property image]()
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,895
- $0.70
-
9101 Rainland Drive Arlington, TX 2
- 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2008
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,125
- $0.74
-
607 Cunningham Drive Arlington, TX 4
- 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,190
- $0.77
-
9206 Water Oak Drive Arlington, TX 5
- 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,195
- $0.77
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480484
Last Updated: 12/05/2020
