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9328 Moon River Drive Arlington, TX 76002

4 Beds 3 Baths 2,940 sqft Built 2013

$325,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $110.54
  • 3 Days on Market
  • MLS # : 14528416
  • Updated Date : 03/13/2021 at 21:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

William Davis Realty

Listing Agent's Description

Beautiful 2 story, move in ready home in an established neighborhood, located on a corner lot with a covered back yard patio. Natural light shines throughout the house that features an open floor plan, with vaulted ceilings in the family room conveniently located next to the kitchen, boasting an abundance of cabinetry, a large island great for entertainment, granite countertops, SS appliances, breakfast nook, and hardwood floors throughout the first level plus a private study. The Master suite features dual sinks, a separate shower, and jetted tub, with large walk in closet. Upstairs has 3 bedrooms and a big game room. All of this located close to the community pool and park area with ponds and walking trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
Rogene Worley Middle School Middle Regular 929 55 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

Rogene Worley Middle School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 55
7
GreatSchools Rating

Mansfield High School

  • Education Level: High
  • # of students: 2,333
  • # of teachers: 123
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,129
Property Tax -$704
Property Insurance -$197
HOA -$41
Property Management Fees -$99
CASH FLOW
$21

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.

$325,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.67%

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) 8.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,345

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,1903$2,1954$2,3505$2,550
$2,550
RENT COMPS ANALYSIS
  • 9328 Moon River Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.74
    •  
  • 607 Cunningham Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.77
    •  
  • 9206 Water Oak Drive Arlington, TX 3
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 9120 Water Oak Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 2006
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 2613 Morgan Ann Avenue Mansfield, TX 5
    • 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kenneth Boyd
William Davis Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528416
Last Updated: 03/13/2021
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