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7033 Arches Avenue 
Irving, TX
75063
5 Beds 4 Baths 3,558 sqft
Built 2016
INVESTimate
$670,519
List Price
$183,438
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $188.45
- 3 Days on Market
- MLS # : 14419793
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,558 sqft
- Baths : 4 full
Listing Agent
Wendell Miller Realty
Listing Agent's Description
Our pried Bryson Model is now ready to be your home! Our most popular plan's soaring ceilings warmly welcome your guests upon entry. Study; Formal Dining; 2 bedrooms down. Master is accompanied by a luxury bath & the private 2nd bedroom with adjoining bath is ideal for your in-laws or guests. Gourmet kitchen flows into family room, the perfect spot to entertain. An abundance of windows drape the back of the home, bringing in an array of natural light. Open to below view & high ceilings for that open feeling you've always wanted in a home. Outstanding extended wood flooring; beautifully designed lighting & backsplashes; Wi Fi Certified Connected Home! Don't forget our window treatments (Blinds)! Move in ready!
SEE MORE
- . 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
Zip Code: 75063
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75063
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,380 |
| EXPENSES | Loan Payment | -$2,474 |
| Property Tax | -$1,482 | |
| Property Insurance | -$233 | |
| HOA | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,025
|
||
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.
$670,519
PROJECTED PRICE
$3,380
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$183,438
LOAN DETAILS
$2,474
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $167,630 |
| Loan Amount | $502,889 |
0
YEARS SAVED
$21
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,380
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$3,345
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
7033 Arches Avenue Irving, TX 4
- 5 beds 4 baths ∙ 3,558 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,558 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $3,380
- $0.95
-
7116 Isle Royal Lane Irving, TX 1
- 4 beds 5 baths ∙ 3,452 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,452 Sqft ∙ Built 2016
![property image]()
LEASED 03/03/19- Rent
- Rent Per SQFT
- $3,000
- $0.87
-
6716 E Prospect Way Irving, TX 2
- 4 beds 5 baths ∙ 3,233 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,233 Sqft ∙ Built 2017
![property image]()
LEASED 04/30/19- Rent
- Rent Per SQFT
- $3,200
- $0.99
-
7220 Ridgepoint Drive Irving, TX 3
- 4 beds 4 baths ∙ 3,401 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,401 Sqft ∙ Built 2016
![property image]()
LEASED 05/02/19- Rent
- Rent Per SQFT
- $3,250
- $0.96
-
3336 Balcones Drive Irving, TX 5
- 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2017
![property image]()
LEASED 07/01/19- Rent
- Rent Per SQFT
- $3,500
- $0.94
PROPERTY LISTING DETAILS
Wendell Miller Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419793
Last Updated: 08/25/2020
