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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $152.03
- 2 Days on Market
- MLS # : 14490351
- Updated Date : 12/26/2020 at 20:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 2 full
Listing Agent
Hip Realty Group
Listing Agent's Description
Beautiful home in Arlington! This cozy brick home is set on a cul de sac in a great neighborhood. The comfortable living room has a stunning fireplace, high ceilings, and lots of natural light. The living area flows through the dining area right into the kitchen. It is a great space for family gatherings or entertaining. The bright white kitchen has a unique backsplash and a bay window with large windows. The laminate floors flow through the entire home. The master suite is spacious and a great space to relax. The backyard is large with a spacious patio. Home is part of Mansfield ISD. Come see this cozy home today!
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
Neighborhood: Eden Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eden Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$487 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$21
|
||
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.
$225,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.17
YEARS SAVED
$14,018
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,547
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
706 Ponselle Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,550
- $1.05
-
7009 Snowivy Court Arlington, TX 1
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,550
- $1.04
-
7019 Rovato Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
7004 Flaxford Trail Arlington, TX 4
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
7016 Snowivy Court Arlington, TX 5
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,700
- $1.08
PROPERTY LISTING DETAILS
Hip Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490351
Last Updated: 12/26/2020
