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

7208 Fallen Crest Lane Arlington, TX 76001

4 Beds 3 Baths 3,053 sqft Built 2020

INVESTimate

$390,998

List Price

$2,420

$2,178 - $2,662

Rent Est.

$419,150  ( +7.20%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $128.07
  • 10 Days on Market
  • MLS # : 14415250
  • Updated Date : 08/18/2020 at 09:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14415250 - Built by History Maker Homes - September completion! ~ Cozy comfort of the covered front porch invites you in! Follow the Luxury Vinyl Plank into the expansive entryway as it invites you into the soaring ceilings of the main room. The Primary Garden Tub, expansive game room and an easy flow kitchen design fulfill every need to complete your future life’s backdrop. Call today to make it your own!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
Carol Holt Elementary School Primary Regular 476 32 7
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Legacy High School High Regular 1,945 103 6

Carol Holt Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 32
7
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$351,898$430,098$390,998

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,443
Property Tax -$847
Property Insurance -$204
HOA -$58
Property Management Fees -$99
CASH FLOW
-$230

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$390,998

PROJECTED PRICE

$2,420

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.20%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,614

INVESTMENT

$105,614

Down Payment
$97,750
Rehab Estimate
$2,000
Closing Costs
$5,865

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,443

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,750
Loan Amount $293,249
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,047

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,435

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3504$2,3955$2,420
$2,420
RENT COMPS ANALYSIS
  • 7208 Fallen Crest Lane Arlington, TX 5
    • 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.79
    •  
  • 2316 Calmont Drive Arlington, TX 1
    • 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2001
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 1309 Rosebrook Drive Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 7207 Fallen Crest Lane Arlington, TX 3
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 2416 Aramic Court Arlington, TX 4
    • 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415250
Last Updated: 08/18/2020
BESbswy