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924 Dunkirk Lane Arlington, TX 76017

5 Beds 4 Baths 3,171 sqft Built 2002

$315,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $99.34
  • 4 Days on Market
  • MLS # : 14510275
  • Updated Date : 02/25/2021 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,171 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Updated and remodeled 2 stories, with flex front room downstairs can be formal or office, open concept kitchen, granite countertops breakfast family room. The large master bedroom is downstairs with a large walk in closet, all secondary bedrooms upstairs oversized with walk in closets, jack n jill and, another full bathroom upstairs, with a game room. Roof, HVAC under 5 years, hot water heater 2021, new carpet, and fresh paint.

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 Hampton

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: South Hampton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451854

* 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
Glenn Harmon Elementary School Primary Regular 541 39 6
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Glenn Harmon Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 39
6
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,094
Property Tax -$682
Property Insurance -$210
Property Management Fees -$99
CASH FLOW
-$75

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.

$315,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0103$2,1954$2,2005$2,460
$2,460
RENT COMPS ANALYSIS
  • 924 Dunkirk Lane Arlington, TX 2
    • 5 beds 4 baths ∙ 3,171 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,171 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.63
    •  
  • 905 Medina Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2002
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 210 Kissimmee Drive Arlington, TX 3
    • 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.65
    •  
  • 5216 Vista Verde Drive Arlington, TX 4
    • 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,198 Sqft ∙ Built 1996
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 2003 Marie Weldon Lane Arlington, TX 5
    • 5 beds 3 baths ∙ 3,390 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,390 Sqft ∙ Built 1999
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jennifer Viner
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510275
Last Updated: 02/25/2021
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