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4609 Willow Elm Court Arlington, TX 76017

3 Beds 2 Baths 1,545 sqft Built 1982

$233,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $150.81
  • 4 Days on Market
  • MLS # : 14517266
  • Updated Date : 02/11/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,545 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

3-2-2 on a cul de sac. This home is great for entertaining, perfect for family gatherings. It has updated kitchen counters and backsplash. French doors to a spacious backyard. It also has 2 living areas, one with a large fireplace for cold evenings and a good sized dining area. The kitchen is a galley style with a breakfast bar that overlooks the dining area. The master bath has been upgraded with soaking tub with a material that keeps the water warm. The hall bath has a large shower and shelving. The backyard also has a large dog run and a covered patio with a ceiling fan. The pool is inground gunite with a water feature.

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $93k243k

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8921734

* 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
Kennedale Junior High School Middle Unknown NA
Kennedale High School High Regular 993 60 5
Kennedale High School High Unknown NA

Kennedale Junior High School

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

Kennedale High School

  • Education Level: High
  • # of students: 993
  • # of teachers: 60
5
GreatSchools Rating

Kennedale High School

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

$209,700$256,300$233,000

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 -$809
Property Tax -$504
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$81

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.

$233,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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

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$67,495

INVESTMENT

$67,495

Down Payment
$58,250
Rehab Estimate
$5,750
Closing Costs
$3,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$809

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,250
Loan Amount $174,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$16,461

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
  • $1.04

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5954$1,6105$1,695
$1,695
RENT COMPS ANALYSIS
  • 4609 Willow Elm Court Arlington, TX 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.04
    •  
  • 5915 Willow Crest Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1981
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 5701 Willow Elm Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1982
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 4501 Elm Branch Arlington, TX 3
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1982
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 4411 Rising Sun Court Arlington, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shae Roundtree
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517266
Last Updated: 02/11/2021
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