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824 Ponselle Drive Arlington, TX 76001

3 Beds 2 Baths 1,575 sqft Built 1999

$235,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $149.78
  • 5 Days on Market
  • MLS # : 14480019
  • Updated Date : 12/04/2020 at 12:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

WELL-MAINTAINED 3 BEDROOM, 2 BATHROOM BRICK HOME IN THE HEART OF ARLINGTON! You will feel right at home in this open concept floor plan featuring beautiful flooring & large windows that bring in tons of natural light. The chef in your family will love the pristine kitchen featuring plenty of counter space, a large pantry, & stainless steel appliances. Host in the impressive family room showcasing a cozy fireplace. Nothing compares to the primary suite that boasts a jetted tub, separate shower, & a large walk-in closet. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools. Photos are virtually staged. Size of furniture & decorations are for reference only.

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: Eden Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $101k243k

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

Neighborhood: Eden Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9531734

* 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
Kenneth Davis Elementary School Primary Regular 616 44 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Kenneth Davis Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$212,310$259,490$235,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$870
Property Tax -$511
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$48

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.

$235,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$68,264

INVESTMENT

$68,264

Down Payment
$58,975
Rehab Estimate
$5,750
Closing Costs
$3,539

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$870

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,975
Loan Amount $176,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5954$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 824 Ponselle Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 7009 Snowivy Court Arlington, TX 1
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1998
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 7019 Rovato Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1999
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 7004 Flaxford Trail Arlington, TX 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1998
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 7507 Tin Cup Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2001
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480019
Last Updated: 12/04/2020
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