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7836 Bella Way Drive Arlington, TX 76001

4 Beds 3 Baths 2,565 sqft Built 2021

$338,790

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $132.08
  • 3 Days on Market
  • MLS # : 14466918
  • Updated Date : 11/06/2020 at 15:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,565 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

* Estimated Completion mid 2021** The open entry of this Torrie plan leads to a perfect entertaining area including Greatroom, Nook and Kitchen with large island! Plan includes three secondary bedrooms for your growing family. Dining room can be optional Study. The Master Bath has a garden tub and oversized closet. Second floor offers open flex area and Gameroom.

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: 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
 

$304,911$372,669$338,790

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,250
Property Tax -$768
Property Insurance -$174
HOA -$67
Property Management Fees -$99
CASH FLOW
-$158

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.

$338,790

PROJECTED PRICE

$2,200

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,779

INVESTMENT

$91,779

Down Payment
$84,698
Rehab Estimate
$2,000
Closing Costs
$5,082

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,698
Loan Amount $254,093
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,2004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 7836 Bella Way Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 6207 Parkside Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 2001
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 2326 Point Star Drive Arlington, TX 2
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2002
    property image
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 2518 Cherry Sage Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2014
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 7207 Fallen Crest Lane Arlington, TX 5
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
PROPERTY LISTING DETAILS
Curtis Abernathy
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466918
Last Updated: 11/06/2020
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