Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4401 Woodhill Drive Arlington, TX 76016

3 Beds 2 Baths 1,804 sqft Built 1980

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $124.72
  • 2 Days on Market
  • MLS # : 14513005
  • Updated Date : 02/06/2021 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Texas Lone Star, Realtors

Listing Agent's Description

MULTIPLE OFFERS RECEIVED - Will continue to show through Sunday, February 7th - all offers need to be submitted by 9:00 a.m. on Monday, February 8th. Sellers are asking for 5 day option period. Very cute 3 bed, 2 bath home in a great school district! The home has a large living area with a wood burning fireplace. Cute kitchen with a great pantry. Master bedroom has 2 walk in closets, dual sinks and the tub, shower and commode are separate. Back yard boasts a very large tree for shade in the summer, and there is a small porch off the side of the house too. Recent upgrades include: gutters, paint in and out, regrouted master shower, added filter box to AC, new disposal and new kitchen faucet.

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: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: West Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001734

* 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
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7
Young Junior High School Middle Unknown NA

Young Junior High School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 53
7
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating

Young Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$782
Property Tax -$487
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
$111

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$18,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6103$1,6754$1,6955$1,775
$1,775
RENT COMPS ANALYSIS
  • 4401 Woodhill Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.89
    •  
  • 4305 Rushmoor Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1976
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 4104 Foxmoor Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1975
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 4704 Valleycrest Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1972
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 2319 Southcrest Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1974
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
PROPERTY LISTING DETAILS
Theresa Galloway
Texas Lone Star, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513005
Last Updated: 02/06/2021
BESbswy