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807 Bigfork Drive Arlington, TX 76001

4 Beds 3 Baths 2,310 sqft Built 2001

$249,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $107.79
  • 2 Days on Market
  • MLS # : 14483647
  • Updated Date : 12/19/2020 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,310 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Arlington

Listing Agent's Description

DO NOT MISS THIS ONE! 4 Bedroom 2.1 baths. Arlington home located in prestigious Mansfield ISD. Kitchen has granite counter tops. Large bedrooms. This home offers enormous space with a huge backyard for entertaining. Solar screens. Transferable foundation warranty. Nearby Walking trails at back of neighborhood. Walking distance to elementary & high school.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: South Cooper Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: South Cooper Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221779

* 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
Asa E. Low Jr. Intermediate School Primary Regular 864 52 7
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield Summit High School High Regular 2,020 114 4

Asa E. Low Jr. Intermediate School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 52
7
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$224,100$273,900$249,000

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 -$919
Property Tax -$539
Property Insurance -$161
Property Management Fees -$99
CASH FLOW
$183

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.

$249,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$30,999

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
  • $0.82

    LIST RENT PER SQFT
  • $1,871

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7993$1,8254$1,9005$2,200
$2,200
RENT COMPS ANALYSIS
  • 807 Bigfork Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 703 Gillon Drive Arlington, TX 1
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2001
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 7803 Salton Lane Arlington, TX 2
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 2001
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.80
    •  
  • 723 Allencrest Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2000
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.76
    •  
  • 7903 Clear Fork Trail Arlington, TX 5
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mike Williamson
Jp And Associates Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483647
Last Updated: 12/19/2020
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