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8100 Glenn Day Drive Arlington, TX 76002

3 Beds 2 Baths 1,876 sqft Built 2019

$295,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $157.25
  • 3 Days on Market
  • MLS # : 14465645
  • Updated Date : 11/06/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Beautiful 3-2-2 floor plan in Mansfield ISD! Gourmet kitchen with island, granite countertops, and 42 inch upper cabinets opens to both dining and spacious living area with corner fireplace. Covered patio and Smart Home wiring make this home perfect for entertaining. Office or study at the front of the home is a bonus! Split bedroom arrangement with private Owner's suite at rear of the home. Owner's bath has soaking tub, oversized shower, dual sink vanity and walk-in-closets. Playground and Community pond add to the enjoyment of this quiet neighborhood.

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

Zip Code: 76002

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Zip Code: 76002

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221834

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,088
Property Tax -$639
Property Insurance -$136
HOA -$44
Property Management Fees -$99
CASH FLOW
-$245

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.

$295,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,175

INVESTMENT

$80,175

Down Payment
$73,750
Rehab Estimate
$2,000
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7505$1,760
$1,760
RENT COMPS ANALYSIS
  • 8100 Glenn Day Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.94
    •  
  • 1315 Cloyne Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 1301 Dundee Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2002
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 1306 Anglican Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2001
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 1401 Anglican Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Bobby Fancher
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465645
Last Updated: 11/06/2020
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