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5208 Westwind Drive Arlington, TX 76017

3 Beds 2 Baths 1,589 sqft Built 1980

$250,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $157.33
  • 7 Days on Market
  • MLS # : 14537575
  • Updated Date : 03/24/2021 at 09:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,589 sqft
  • Baths : 2 full
Listing Agent

Redestin Real Estate

Listing Agent's Description

Adorable home offers 3 bedrooms and 2 bathrooms situated in a highly sought after community and Arlington Martin High School. This home is totally remodeled with fresh paint, new carpet, new laminate, granite countertop throughout. New roof and foundation is just finished with lifetime transferable warranty. The living area has a cozy wood burning fireplace and a wet bar. The dinning room has a China built-in cabinet. Cozy sunroom for an indoor comfort. The vaulted ceiling with beam and double fans make the space perfect for guests. The master bedroom with en-suite bathroom. Natural light is all over the home with many skylines. Huge backyard. Closed to HWY 287 and I20. Precious home ready for its next owner!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Oak Country

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $106k243k

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

Neighborhood: Oak Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9531734

* 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
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7
Boles Junior High School Middle Unknown NA

Boles Junior High School

  • Education Level: Middle
  • # of students: 724
  • # of teachers: 50
8
GreatSchools Rating

Martin High School

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

Boles Junior High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$868
Property Tax -$541
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$68

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.

$250,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5503$1,5604$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 5208 Westwind Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.98
    •  
  • 5308 School Hill Circle Arlington, TX 1
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1979
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.07
    •  
  • 5307 School Hill Circle Arlington, TX 2
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1979
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 4200 Rye Glen Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1985
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 4217 Oak Country Drive Arlington, TX 5
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1982
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.13
    •  
PROPERTY LISTING DETAILS
Yvonne Vo
Redestin Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537575
Last Updated: 03/24/2021
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