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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $124.71
- 3 Days on Market
- MLS # : 14519155
- Updated Date : 02/20/2021 at 17:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,764 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Acr
Listing Agent's Description
MULTIPLE OFFERS- Please submit Highest & Best offer by 6PM Sunday, 2.21. Great family home or investment property in the heart of Arlington! Location, location, location!! This 3-bed, 2-bath home has so much potential - large living space with vaulted ceiling and open dining area, split bedrooms & oversized master bedroom. Master bath recently renovated and features dual sinks and a walk-in shower with separate tub. Home is being sold AS-IS. Lots of work has been done on the home in recent years including full foundation work with a lifetime, transferable warranty. Some upgrades include newer water heater, dishwasher, thermostat, garage door opener & more! Buyer verify schools, square footage.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Meadow Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$476 | |
| Property Insurance | -$129 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$151
|
||
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.
$219,990
PROJECTED PRICE
$1,620
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,047
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,998 |
| Loan Amount | $164,993 |
7.58
YEARS SAVED
$21,257
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,636
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
927 W Embercrest Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,620
- $0.92
-
937 W Embercrest Drive Arlington, TX 1
- 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 1982
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,525
- $0.90
-
905 Lemontree Court Arlington, TX 2
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1981
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
-
929 Rio Vista Lane Arlington, TX 4
- 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1991
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
5315 Alta Vista Lane Arlington, TX 5
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1991
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Acr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519155
Last Updated: 02/20/2021
