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809 Pryor Drive Arlington, TX 76001

4 Beds 3 Baths 2,869 sqft Built 2001

$287,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: South Ridge Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221801

* 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
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$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$81,805

INVESTMENT

$81,805

Down Payment
$71,750
Rehab Estimate
$5,750
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

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
$1,960
1$1,9602$1,9753$2,1954$2,1995$2,200
$2,200
RENT COMPS ANALYSIS
  • 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
Cheryl Wages
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476694
Last Updated: 12/05/2020
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