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9322 Acre Meadows Lane Arlington, TX 76002

4 Beds 4 Baths 2,506 sqft Built 2021

$406,399

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $162.17
  • 7 Days on Market
  • MLS # : 14482632
  • Updated Date : 12/07/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,506 sqft
  • Baths : 2 full , 2 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

The Buxton II is one of Lennar's Most Loved Homes because of the flexibility of the floorplan. As you enter thru the 8' front door, you gaze directly thru the home and out the back windows to a park like setting. This home is at the end of a cul-de-sac and is almost on third acre. You will not find a better setting in the city. 4 bedrooms, a study closed off with french doors, 2 full baths and a half bath on the first plus another on the second floor complete the Buxton II. Wood floors thru the main areas of the first level, tile in the wet areas and carpet in the bedrooms and bedroom closets. Beautiful brick and stone elevation. This home will be complete FEBRUARY 2021!!

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
 

$365,759$447,039$406,399

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,499
Property Tax -$880
Property Insurance -$172
HOA -$42
Property Management Fees -$99
CASH FLOW
-$862

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$406,399

PROJECTED PRICE

$1,830

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$109,696

INVESTMENT

$109,696

Down Payment
$101,600
Rehab Estimate
$2,000
Closing Costs
$6,096

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,499

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,600
Loan Amount $304,799
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$48

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
  • $0.73

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8253$1,8304$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 9322 Acre Meadows Lane Arlington, TX 3
    • 4 beds 4 baths ∙ 2,506 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,506 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.73
    •  
  • 616 Silvertop Road Arlington, TX 1
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2003
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 8410 Redheart Street Arlington, TX 2
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.70
    •  
  • 9114 Lockhart Drive Arlington, TX 4
    • 3 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 802 Moss Glen Trail Arlington, TX 5
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482632
Last Updated: 12/07/2020
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