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915 Baldwin Drive Arlington, TX 76012

3 Beds 2 Baths 1,815 sqft Built 1986

$289,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $159.72
  • 3 Days on Market
  • MLS # : 14511710
  • Updated Date : 02/27/2021 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Ultra Real Estate Services

Listing Agent's Description

Home Sweet Home in sought after Butler Elementary School District, in well-known Meadow Park neighborhood. This gorgeous updated home has 3 bedrooms, 2 full bathrooms, 2 car garage, a Bonus area, vaulted ceilings, fireplace, kitchen with new granite countertop, new backsplash , new garbage disposal, and new stainless steel appliances, new roof 2018, new flooring, new modern mirrors in bathrooms, and much more. Great location, close to I 30, 360, AT&T Stadium, Six Flags Over Texas, Globe Life Field, Dunlop Sports Center, Texas Rangers Golf Club, shopping, restaurants and one block from River Legacy Park. Open House: Sunday February 28, 1pm-3pm.

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: North Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $117k265k

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

Neighborhood: North Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10222068

* 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
Shackelford Junior High School Middle Regular 722 49 5
Lamar High School High Regular 2,918 185 3
Shackelford Junior High School Middle Unknown NA

Shackelford Junior High School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 49
5
GreatSchools Rating

Lamar High School

  • Education Level: High
  • # of students: 2,918
  • # of teachers: 185
3
GreatSchools Rating

Shackelford Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,007
Property Tax -$628
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$146

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.

$289,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.8%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,8004$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 915 Baldwin Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.95
    •  
  • 1309 San Marcos Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1976
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 1204 Land Rush Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1975
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 1215 San Marcos Drive Arlington, TX 4
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1974
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 1010 Shelley Court Arlington, TX 5
    • 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1973
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Gisella Gill
Ultra Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511710
Last Updated: 02/27/2021
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