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8465 Arroyo Lane Benbrook, TX 76126

4 Beds 4 Baths 2,599 sqft Built 2006

INVESTimate

$275,000

List Price

$2,360

$2,124 - $2,596

Rent Est.

$290,318  ( +5.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $105.81
  • 2 Days on Market
  • MLS # : 14418705
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,599 sqft
  • Baths : 3 full , 1 half
Listing Agent

Market Experts Realty

Listing Agent's Description

Spacious 4-3.5 situated on a cul-de-sac in the heart of Benbrook! Spacious living room is highlighted by the white stone fire place and breakfast bar that flows into the kitchen. Kitchen comes complete with granite countertops, ceramic backsplash and plenty of cabinet storage. The second living area upstairs provides a versatile space for either a game room, media room or exercise room. Crown moulding adds an upscale touch to numerous rooms and common areas. Massive back yard, with enough space to build a pool while keeping plenty of grassy area, features a spacious covered patio. Accessible highways make it easy for you to get to Downtown Fort Worth, TCU, the Cultural District and numerous other areas.

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $117k476k

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9651734

* 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
Waverly Park Elementary School Primary Regular 810 47 6
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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 $2,360
EXPENSES Loan Payment -$1,015
Property Tax -$607
Property Insurance -$177
HOA -$23
Property Management Fees -$99
CASH FLOW
$439

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.

$275,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.57%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$59,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,3603$2,375
$2,375
RENT COMPS ANALYSIS
  • 8465 Arroyo Lane Benbrook, TX 2
    • 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.91
    •  
  • 5217 Cross Plains Court Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,365 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,365 Sqft ∙ Built 2014
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 557 Sterling Drive Benbrook, TX 3
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2007
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.92
    •  
PROPERTY LISTING DETAILS
Todd Tramonte
Market Experts Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418705
Last Updated: 08/25/2020
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