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7409 Dodd Court Arlington, TX 76016

3 Beds 3 Baths 2,294 sqft Built 1985

$275,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $119.88
  • 4 Days on Market
  • MLS # : 14509144
  • Updated Date : 02/04/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Charming home with endless character zoned for Martin High! Open the front door to find an open living room with wainscotting, floor to ceiling brick fireplace & built-ins. Kitchen offers granite countertops, tons of storage in double upper cabinetry, white backsplash & stainless appliances. Eat-in kitchen area to one side of kitchen and flex space directly off of the other side that can be used as formal dining, office, anything! Master suite has vaulted ceilings & bath includes double sinks, tons of storage, separate shower and large garden tub. Spend evenings relaxing on your back patio with mature trees. Ask about saving thousands with special financing.

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: Lake Park Estates Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Lake Park Estates Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7
Young Junior High School Middle Unknown NA

Young Junior High School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 53
7
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating

Young Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$955
Property Tax -$595
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$91

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.

$275,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$18,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 7409 Dodd Court Arlington, TX 3
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 7012 Escondido Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 1987
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 7804 Enchanted Isle Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2005
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 4514 Lake Park Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 2,449 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,449 Sqft ∙ Built 1983
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 7801 Island View Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jordan Davis
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509144
Last Updated: 02/04/2021
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