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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $100.03
- 5 Days on Market
- MLS # : 14476694
- Updated Date : 12/05/2020 at 18:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,869 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Oversize premium lot with plenty of room for a pool! This gorgeous & spacious 4 bedroom two story home has endless space & flexibility. Front living & dining could be used as one big room or two separate rooms. Wonderful size family room with beautiful stone fireplace plus separate game room upstairs allows for ample space to spread out. Some recent updates include laminate Wood floors, carpet, fresh paint inside & out, fence, garage door, HVAC & water heater. Don’t miss the extra storage under the stairs! Enjoy evenings in the back yard under the covered patio with extension; perfect for grilling & entertaining. Close to shopping, restaurants & park with easy access to major highways.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: South Ridge Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Ridge Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$621 | |
| Property Insurance | -$193 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$12
|
||
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.
$287,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,805
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,750 |
| Loan Amount | $215,250 |
4.25
YEARS SAVED
$13,892
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,137
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
809 Pryor Drive Arlington, TX 1
- 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,960
- $0.68
-
7809 Salton Lane Arlington, TX 2
- 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2001
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,975
- $0.69
-
1117 Bannack Drive Arlington, TX 3
- 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1999
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,195
- $0.79
-
417 Kingfisher Lane Arlington, TX 4
- 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,199
- $0.72
-
7609 Stanhope Lane Arlington, TX 5
- 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2001
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,200
- $0.78
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476694
Last Updated: 12/05/2020
