Residential Property Portfolio: 5 Single Family Residences
in Arlington, TX, 100% LeasedÂ
The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified all the information and make no guarantees in this regard. The presentation of this property is made subject to errors, omissions, changes in price, prior lease or sale. It is your responsibility to confirm the accuracy of all information. The value of this investment transaction depends on other factors which should be evaluated by your tax, financial, and legal advisors.
| EXECUTIVE SUMMARY | |
| Property: | 5 fully leased Residential Properties |
| Location: | Arlington (4) and Watauga (1), Texas |
| Asking Price: | $580,000 Cash |
| Annual Income: | $62,000 |
| Net Operating Income: | $44,150 |
| Cap Rate: | 7.61% |
| Occupancy: | 100% |
| Year of Construction: | 1974–1983 |
| ADDRESS | 6505 Stardust |
2216 Seville Ct. |
2418 S. Fielder |
2412 Laredo Ct. |
714 Jordan Ln. |
| City, Zip | Watauga, 76148 | Arlington, 76013 | Arlington, 76015 | Arlington, 76015 | Arlington, 76012 |
| Type | sfr | twn home | sfr | sfr | sfr |
| Size, SF & Descrip | 1071sf/3-2-2 | 1915sf/3-2.5-2 | 1625sf/4-2 | 1453sf/3-2-2 | 1646sf/4-2 |
| Property Value | $97,000 | $108,000 | $110,000 | $117,000 | $120,000 |
| Mortgage Co. | Aurora Loan Svc | Wells Fargo Mtg | Citimortgage | Chase Mtg | America's Svc Mtg |
| Loan to Value | 83% | 50% | 57% | 58% | 66% |
| 2008 prop taxes | $1965 | $2278 | $2546 | $2491 | $2595 |
| Prop Tax % | 2.03% | 2.11% | 2.31% | 2.13% | 2.16% |
| Prop Tx Acct# | #03025004 | #00034002 | #00930458 | #01796720 | #03025004 |
| Insurance Co. | Allstate | Allstate | Allstate | Allstate | Allstate |
| Agent | Jeff H | Jeff H | Jeff H | Jeff H | Jeff H |
| Policy# | 986096458 | 986164591 | 986096459 | 986094368 | 986106557 |
| Phone# | 817-461-1066 | 817-461-1066 | 817-461-1066 | 817-461-1066 | 817-461-1066 |
| Dwelling Coverage | $111,573 | $138,829 | $131,414 | $136,575 | $130,936 |
| Liability Coverage | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
| Policy Deductible | $1000 | $1000 | $1000 | $1000 | $1000 |
| Ann Premium | $539 | $609 | $600 | $601 | $595 |
| Tenant | L Pilgrim | Demel A | J Daniels, J Bishop |
K Schmitt | T Smith |
| Phone# | 469-274-7857 | 858-729-3831 | 817-861-4978 | 817-264-1193 | 817-538-8405 |
| Lease Start Date | Jul-07 | Aug-08 | Jul-07 | Jul-08 | Jun-04 |
| Lease Exp Date | Dec-09 | Sep-09 | Jun-09 | Jul-09 | Nov-09 |
| Monthly Rent | $900 | $1100 | $1025 | $1120 | $1040 |
| Security Dep | $860 | $1000 | $980 | $1000 | $0 |
| Net Income/Mo. | $41 | $323 | $288 | $281 | $202 |
| Ann Rents | Ann Taxes | Ann Insurance | Ann Misc & Mgmt | N.O.I. | |
| $62,000 | $11,875 | $2,945 | $3,250 | $44,150 | |
| Sales Valuations | |||||
| Income Approach | $588,670 | ||||
| Market Approach | $522,000 | ||||
| Replacement Approach | $696,8000 | ||||
The property is offered exclusively by Ben Thomas Companies. Please call Gene Fichte at 817.925.8716 or email Gene Fichte for more information.