Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

702 Leedsfield Court Arlington, TX 76017

3 Beds 2 Baths 1,507 sqft Built 1985

$215,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $142.67
  • 2 Days on Market
  • MLS # : 14509535
  • Updated Date : 01/30/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,507 sqft
  • Baths : 2 full
Listing Agent

Susy Saldivar Real Estate

Listing Agent's Description

Ready to Move-In home located in South Arlington. 3 Bedroom 2 bath offers open floorplan, vaulted ceilings, fireplace, granite countertops and a huge backyard. Master bedroom located upstairs and secondary bedrooms on the first floor. Mansfield schools. Roof replaced April 2019 and cedar fence recently replaced Sep 2020.

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: Southeast Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Southeast Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10221734

* 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
Charlotte Anderson Elementary School Primary Regular 497 34 8
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Charlotte Anderson Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 34
8
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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$747
Property Tax -$465
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$16,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4493$1,4754$1,5205$1,525
$1,525
RENT COMPS ANALYSIS
  • 702 Leedsfield Court Arlington, TX 4
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.01
    •  
  • 5208 Cornvalley Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1990
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.00
    •  
  • 719 Cornfield Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.94
    •  
  • 902 Cornfield Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1992
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
  • 200 Kalmia Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1982
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
PROPERTY LISTING DETAILS
Susy Saldivar
Susy Saldivar Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509535
Last Updated: 01/30/2021
BESbswy