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819 W Lonesome Dove Trail Arlington, TX 76001

3 Beds 2 Baths 1,569 sqft Built 1999

$209,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $133.78
  • 4 Days on Market
  • MLS # : 14530668
  • Updated Date : 03/12/2021 at 11:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,569 sqft
  • Baths : 2 full
Listing Agent

Iconic Real Estate, Llc

Listing Agent's Description

Do NOT miss your opportunity to own this cozy home that is located in the sought-out Mansfield ISD, it is perfectly situated for convince, entertainment, and the serenity of nature. Just steps from 2.5mile Bowmen Branch Linear Park, Don Misenhimer Park where you can enjoy walk, bike, jogging trails, playgrounds, sports courts, fields, picnic pavilion, and splash pad. In the home, you will be welcomed with a tile entrance, leading to your large open kitchen & living area, perfectly positioned wood-burning fireplace to keep you warm during freezing events, followed by the living quarters of 3 bedrooms with the 2nd bath separating your generous master suite featuring dual sinks, garden tub, and walk-in closet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Owl Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Owl Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221838

* 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
D.p. Morris Elementary School Primary Regular 534 36 7
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield Summit High School High Regular 2,020 114 4

D.p. Morris Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 36
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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$729
Property Tax -$454
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$180

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.

$209,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$24,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5803$1,6504$1,7855$1,800
$1,800
RENT COMPS ANALYSIS
  • 819 W Lonesome Dove Trail Arlington, TX 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.01
    •  
  • 809 Bigfork Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2001
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
  • 7808 Salton Lane Arlington, TX 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2001
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 908 Gillon Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.02
    •  
  • 817 Elbe Drive Arlington, TX 5
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1999
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Nychole Fung
Iconic Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530668
Last Updated: 03/12/2021
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