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8121 Oak Hollow Drive Arlington, TX 76001

4 Beds 3 Baths 2,745 sqft Built 2003

$375,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $136.61
  • 4 Days on Market
  • MLS # : 14487490
  • Updated Date : 12/19/2020 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,745 sqft
  • Baths : 2 full , 1 half
Listing Agent

Transcend Dfw Properties

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Please submit all offers by 4:00 December 19At last- the perfect Mansfield ISD home! This one story, four bedroom, two and half bath gem literally has it all. Gorgeous gourmet kitchen with double ovens opens to an inviting living area with a stunning stone fireplace. The large master suite overlooks the sparkling pool with hot tub and gorgeous stone water features. Roof, water heater, HVAC, pool, and flooring are all less than five years old! Join us for an open house Saturday December 19 from 12-2.

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: Sierra Elite Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Sierra Elite Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10222601

* 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
Nancy Neal Elementary School Primary Regular 432 30 10
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Nancy Neal Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
10
GreatSchools Rating

Linda Jobe Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 53
8
GreatSchools Rating

Mansfield Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,384
Property Tax -$812
Property Insurance -$186
Property Management Fees -$99
CASH FLOW
-$10

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.

$375,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,464

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,3504$2,4705$2,600
$2,600
RENT COMPS ANALYSIS
  • 8121 Oak Hollow Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.90
    •  
  • 313 Londonderry Lane Mansfield, TX 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2000
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 1006 Tanglewood Drive Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 7207 Fallen Crest Lane Arlington, TX 3
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2019
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 7106 Spruce Forest Court Arlington, TX 5
    • 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 1995
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeannie Holland
Transcend Dfw Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487490
Last Updated: 12/19/2020
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