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710 Crownpoint Court Arlington, TX 76002

3 Beds 2 Baths 2,058 sqft Built 2004

$270,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.20
  • 4 Days on Market
  • MLS # : 14463033
  • Updated Date : 11/01/2020 at 22:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,058 sqft
  • Baths : 2 full
Listing Agent

Shih's Realty

Listing Agent's Description

Fantastic 3 Bed 2 Bath 1 Study DR Horton home in the Crossing at Ruidosa Ridge Addition & in Mansfield ISD schools! Updated and well maintained, Huge Corner lot on a cul de sac, open floor plan, split master, study or office room & second area for living or dining room! Laminated wood floor and tile, NO CARPET! Nice covered back patio, community pool, and just minutes to major shopping areas, restaurants, HWY 360. Must See!!

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: The Crossing at Ruidosa

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k248k

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

Neighborhood: The Crossing at Ruidosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221893

* 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
Della Icenhower Intermediate School Primary Regular 862 50 6
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Della Icenhower Intermediate School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 50
6
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$996
Property Tax -$585
Property Insurance -$146
HOA -$52
Property Management Fees -$99
CASH FLOW
-$118

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.

$270,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8003$1,8254$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 710 Crownpoint Court Arlington, TX 1
    • 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.86
    •  
  • 700 Stonedale Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 617 Crownpoint Lane Arlington, TX 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.89
    •  
  • 7815 Corona Court Arlington, TX 4
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 709 Crownpoint Court Arlington, TX 5
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sophia Shih
Shih's Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463033
Last Updated: 11/01/2020
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