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825 Ashmount Lane Arlington, TX 76017

4 Beds 3 Baths 2,295 sqft Built 1985

INVESTimate

$249,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$272,456  ( +9.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $108.50
  • 6 Days on Market
  • MLS # : 14405567
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,295 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Well kept, updated home in Mansfield ISD! Large living room with tall ceilings and towering brick fireplace. 2 bedrooms including the master downstairs and 2 more bedrooms upstairs. Master features his and her sinks and a walk in closet. Bright kitchen features tile flooring and new countertops. Meet a large loft at the top of the stairs that features a wet bar! Located conveniently near Matlock, Sublett, and Green Oaks.

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: Collingwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Collingwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Glenn Harmon Elementary School Primary Regular 541 39 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Glenn Harmon Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 39
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
 

$224,100$273,900$249,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$919
Property Tax -$539
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$43

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.

$249,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$15,988

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
  • $0.77

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7604$1,9755$1,975
$1,975
RENT COMPS ANALYSIS
  • 825 Ashmount Lane Arlington, TX 3
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.77
    •  
  • 5619 Swan Lake Drive Arlington, TX 1
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2003
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 907 Tennis Villa Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1989
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 221 E Lynn Creek Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.80
    •  
  • 6701 Keeler Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1986
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lucy Knox
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14405567
Last Updated: 08/21/2020
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