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7928 Arlie Lane North Richland Hills, TX 76182

5 Beds 3 Baths 2,787 sqft Built 1991

$399,990

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $143.52
  • 11 Days on Market
  • MLS # : 14458921
  • Updated Date : 10/29/2020 at 00:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,787 sqft
  • Baths : 3 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

One word Elegant. A home you can't stop dreaming about a modern boost in lifestyle and modern refinement. Recent stunning details lighting, paint and designer improvements can be see in this richly fabulous floorplan. A home that stands the test of time looks new inside. The home has many improvements starting at the front door, landscape, patio, columns, fencing, exterior paint, and roof and so on the list is tooling. This home can be used as a five bedroom with one bedroom down or a four bedroom with owner suite up stair. Keep in kind the split bedroom arrangement is for peace of mind. Extra parking off the street is ideal. Location, style and got it.

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: Fair Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Fair Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10412171

* 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
Green Valley Elementary School Primary Regular 491 30 10
North Ridge Middle School Middle Regular 800 52 8
North Ridge Middle School High Regular 800 52 8

Green Valley Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 30
10
GreatSchools Rating

North Ridge Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating

North Ridge Middle School

  • Education Level: High
  • # of students: 800
  • # of teachers: 52
8
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,476
Property Tax -$878
Property Insurance -$188
Property Management Fees -$99
CASH FLOW
-$71

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.

$399,990

PROJECTED PRICE

$2,570

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,682

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5703$2,7004$2,7005$2,850
$2,850
RENT COMPS ANALYSIS
  • 7928 Arlie Lane North Richland Hills, TX 2
    • 5 beds 3 baths ∙ 2,787 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,787 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.92
    •  
  • 7824 Vineyard Court North Richland Hills, TX 1
    • 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1999
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.94
    •  
  • 914 Rush Creek Road Keller, TX 3
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 7809 Calvert Lane North Richland Hills, TX 4
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1990
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 1924 Overlook Ridge Drive Keller, TX 5
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1996
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.95
    •  
PROPERTY LISTING DETAILS
Donna Lella
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458921
Last Updated: 10/29/2020
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