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9004 Cloudveil Drive Arlington, TX 76002

3 Beds 2 Baths 1,987 sqft Built 2013

INVESTimate

$265,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$278,303  ( +5.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $133.37
  • 6 Days on Market
  • MLS # : 14417350
  • Updated Date : 08/24/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,987 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

This 3 bedrooms 2 bath home with large open floor plan comes with some nice features. The large office space can easily be used as a 4th bedroom. Luxury vinyl flooring throughout with the exception of the bedrooms which has carpet. Tray ceiling in living room, with crown molding throughout most of the home. Wooden cordless blinds on all windows. Master bedroom has large master bath with a garden tub and shower. Backyard is just right for relaxing and family gatherings. Community pool for family enjoyment! This one you just can't pass up! Bring your buyers! ***Seller will give carpet allowance for 2500 with full price offer. ******

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: Southwind

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Southwind

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Willie Brown Elementary School Primary Regular 602 39 9
Mary Orr Intermediate School Middle Regular 845 53 7
Mansfield High School High Regular 2,333 123 8

Willie Brown Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 39
9
GreatSchools Rating

Mary Orr Intermediate School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 53
7
GreatSchools Rating

Mansfield High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$978
Property Tax -$574
Property Insurance -$142
HOA -$38
Property Management Fees -$99
CASH FLOW
$0

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.

$265,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7803$1,8304$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 9004 Cloudveil Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.92
    •  
  • 9103 Cloudveil Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2014
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 801 Underhill Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 2008
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.86
    •  
  • 618 Denali Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 829 Underhill Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2013
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Paula Duncanson
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417350
Last Updated: 08/24/2020
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