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1612 Rose Willow Way Arlington, TX 76005

3 Beds 4 Baths 2,594 sqft Built 2020

$517,694

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $199.57
  • 5 Days on Market
  • MLS # : 14521367
  • Updated Date : 02/24/2021 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,594 sqft
  • Baths : 3 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME!This spacious home offers an ideal atmosphere for glamorous parties and a comfortable day-to-day lifestyle. The Craftsman-style exterior includes a covered porch, creating a cheerful and welcoming first impression. The upgraded chef's kitchen features a double oven, oversized island, lots of storage, and an open-concept design that offers an expansive view that extends from the dining room, through the family area, and too the breakfast nook. Both spare bedrooms feature, en suite bathrooms, and there is a powder room for enhanced convenience and privacy. Ask about our 1-2-10 Year Warranty and SAVE BIG on our Energy Saver Program!

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

Zip Code: 76005

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k419k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76005

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$465,925$569,463$517,694

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,798
Property Tax -$1,121
Property Insurance -$177
HOA -$82
Property Management Fees -$99
CASH FLOW
-$667

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.

$517,694

PROJECTED PRICE

$2,610

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,189

INVESTMENT

$139,189

Down Payment
$129,424
Rehab Estimate
$2,000
Closing Costs
$7,765

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,798

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,424
Loan Amount $388,271
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$32

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,639

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6103$2,8504$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 1612 Rose Willow Way Arlington, TX 2
    • 3 beds 4 baths ∙ 2,594 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,594 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.01
    •  
  • 3804 Black Gum Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 3906 Plum Vista Place Arlington, TX 3
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2013
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.05
    •  
  • 1217 Autumn Mist Way Arlington, TX 4
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2014
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.00
    •  
  • 4016 Red Lynx Lane Arlington, TX 5
    • 3 beds 4 baths ∙ 2,883 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,883 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521367
Last Updated: 02/24/2021
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