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8303 Brigalow Street Arlington, TX 76002

5 Beds 3 Baths 4,068 sqft Built 2007

$375,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $92.18
  • 3 Days on Market
  • MLS # : 14536003
  • Updated Date : 03/19/2021 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,068 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arlington

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: Harris Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: Harris Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10221846

* 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
Martha Reid Elementary School Primary Regular 667 42 7
Rogene Worley Middle School Middle Regular 929 55 7
Mansfield High School High Regular 2,333 123 8

Martha Reid Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 42
7
GreatSchools Rating

Rogene Worley Middle School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 55
7
GreatSchools Rating

Mansfield High School

  • Education Level: High
  • # of students: 2,333
  • # of teachers: 123
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,303
Property Tax -$812
Property Insurance -$262
Property Management Fees -$99
CASH FLOW
-$36

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.

$375,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$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$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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,695

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,345
1$2,3452$2,4253$2,4404$2,5505$2,900
$2,900
RENT COMPS ANALYSIS
  • 8303 Brigalow Street Arlington, TX 3
    • 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2007 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.60
    •  
  • 8407 River Bluffs Drive Arlington, TX 1
    • 5 beds 4 baths ∙ 3,750 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,750 Sqft ∙ Built 2006
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.63
    •  
  • 2701 Whisper Court Mansfield, TX 2
    • 5 beds 3 baths ∙ 3,906 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,906 Sqft ∙ Built 2005
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.62
    •  
  • 8156 La Frontera Trail Arlington, TX 4
    • 4 beds 3 baths ∙ 3,957 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,957 Sqft ∙ Built 2007
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.64
    •  
  • 1021 Manchester Drive Mansfield, TX 5
    • 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Lisa Eubanks
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536003
Last Updated: 03/19/2021
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