Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

915 Leadville Drive Arlington, TX 76001

4 Beds 3 Baths 2,993 sqft Built 1996

$324,999

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $108.59
  • 6 Days on Market
  • MLS # : 14469152
  • Updated Date : 11/10/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,993 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chadwick Realty Group, The

Listing Agent's Description

Beautifully maintained large home perfect for your growing family. There are beautiful large windows to provide natural light as you enjoy the open floorplan. The master bedroom is downstairs with all other bedrooms upstairs. The kitchen is large and great for entertaining. The backyard with its pool and putting green creates a sense of vacation and will everyone all year long.

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: South Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: South Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10221906

* 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
Asa E. Low Jr. Intermediate School Primary Regular 864 52 7
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield Summit High School High Regular 2,020 114 4

Asa E. Low Jr. Intermediate School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 52
7
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$292,499$357,499$324,999

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,199
Property Tax -$704
Property Insurance -$200
Property Management Fees -$99
CASH FLOW
-$202

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.

$324,999

PROJECTED PRICE

$2,000

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,749
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0003$2,0754$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 915 Leadville Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,993 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.67
    •  
  • 3103 Poplar Hill Trail Mansfield, TX 1
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.70
    •  
  • 1102 Bonanza Court Arlington, TX 3
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 1998
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.68
    •  
  • 1019 Manchester Drive Mansfield, TX 4
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2003
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 3213 Bloomfield Trail Mansfield, TX 5
    • 4 beds 3 baths ∙ 3,117 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,117 Sqft ∙ Built 2004
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
PROPERTY LISTING DETAILS
Heidi Valerius
Chadwick Realty Group, The
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469152
Last Updated: 11/10/2020
BESbswy