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7709 Labrador Drive 
Arlington, TX
76002
4 Beds 4 Baths 3,093 sqft
Built 2006
INVESTimate
$335,000
List Price
$94,525
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $108.31
- 2 Days on Market
- MLS # : 14420257
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,093 sqft
- Baths : 3 full , 1 half
Listing Agent
1st Brokerage
Listing Agent's Description
This bright & airy Arlington update won’t last long! It features 4 bedrooms, 3.5 baths, a 2-story living room with custom fireplace, formal dining room, a dedicated office, and separate media & game rooms. Enjoy your newly renovated master suite, with custom-built walk-in-closet, separate his and her vanities, and large jetted tub. The gourmet kitchen is outfitted with a large custom island, brand new refrigerator, cooktop, dishwasher and microwave - flanked by custom built shaker cabinetry with soft-close hinges. New light fixtures and fans, fresh paint, new built-ins, new flooring throughout - the list goes on, and on! Great location in a quiet neighborhood within minutes of shops and restaurants.
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: Deer Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Creek
* 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 | $2,020 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$725 | |
| Property Insurance | -$206 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$246
|
||
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.
$335,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.55% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
1.33
YEARS SAVED
$2,777
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,142
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
7709 Labrador Drive Arlington, TX 3
- 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,020
- $0.65
-
7720 Labrador Drive Arlington, TX 1
- 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,820 Sqft ∙ Built 2005
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.69
-
8108 Stowe Springs Lane Arlington, TX 2
- 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2007
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,995
- $0.67
-
8115 York Beach Place Arlington, TX 4
- 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2007
LEASED 12/26/19- Rent
- Rent Per SQFT
- $2,095
- $0.69
-
1402 Mule Deer Drive Arlington, TX 5
- 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2004
LEASED 10/03/19- Rent
- Rent Per SQFT
- $2,250
- $0.72
PROPERTY LISTING DETAILS
1st Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420257
Last Updated: 08/25/2020
