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705 Greenridge 
Arlington, TX
76017
3 Beds 2 Baths 1,506 sqft
Built 1987
INVESTimate
$227,900
List Price
$66,144
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SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $151.33
- 11 Days on Market
- MLS # : 14414435
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,506 sqft
- Baths : 2 full
Listing Agent
Jp & Associates Uptown
Listing Agent's Description
Beautiful garden home on corner lot. Split bedroom layout with large master bedroom and patio. Living room has a great wood burning fireplace and vaulted ceilings. This home is in a great location near lots of food and shopping. Seller is offering a $5,000 flooring allowance at closing. This one will not last long!
SEE MORE
- . 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: Green Oaks Garden Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Oaks Garden Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$841 |
| Property Tax | -$493 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$117
|
||
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.
$227,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,144
LOAN DETAILS
$841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,975 |
| Loan Amount | $170,925 |
2.25
YEARS SAVED
$4,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,442
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
705 Greenridge Arlington, TX 2
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,430
- $0.95
-
5203 Livermore Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1992
LEASED 09/03/19- Rent
- Rent Per SQFT
- $1,400
- $1.03
-
719 Cornfield Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1986
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,449
- $0.94
-
732 Greenridge Drive Arlington, TX 4
- 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1988
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,515
- $0.92
-
201 Mahogany Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,550
- $0.94
PROPERTY LISTING DETAILS
Jp & Associates Uptown
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14414435
Last Updated: 08/25/2020
