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8101 Abbey Glen Court Arlington, TX 76002

4 Beds 4 Baths 2,644 sqft Built 2006

$275,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $104.01
  • 1 Days on Market
  • MLS # : 14464050
  • Updated Date : 11/02/2020 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,644 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Preferred Associates

Listing Agent's Description

Great home for growing family on corner lot in desirable Mansfield school district. Home has 4 bedrooms 3.5 bath, 2 living areas, large dine-in kitchen, All bedrooms upstairs, master bedroom is oversized with a 10 X 10 sitting area and huge master bath area with large walk-in closets, garden tub and separate shower. Large backyard with lots of room for the kids to play. Easy access to highways and convenient shopping nearby.

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: Ridge Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Ridge Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Della Icenhower Intermediate School Primary Regular 862 50 6
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Della Icenhower Intermediate School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 50
6
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,015
Property Tax -$604
Property Insurance -$180
Property Management Fees -$99
CASH FLOW
$13

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.

$275,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$1,9503$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 8101 Abbey Glen Court Arlington, TX 1
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.72
    •  
  • 7701 Pittsford Lane Arlington, TX 2
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 802 Moss Glen Trail Arlington, TX 3
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 734 Crownpoint Court Arlington, TX 4
    • 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.74
    •  
  • 1315 Red Deer Way Arlington, TX 5
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Lawrance Sanders
Re/max Preferred Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464050
Last Updated: 11/02/2020
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