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6115 Kingswood Drive Arlington, TX 76001

4 Beds 3 Baths 2,210 sqft Built 1993

$268,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $121.27
  • 3 Days on Market
  • MLS # : 14474580
  • Updated Date : 11/27/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,210 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate By Pat Gray

Listing Agent's Description

CUTIE Corner Lot Home on a Cul-De-Sac nestled in Woodbine Addition. Interior Boasts Entertainer's Kitchen with Gorgeous Granite Counters, Island Stovetop, & Stainless Steel Appliances, Ultra Energy Efficiency with Wrapped Hot Water Heater, Attic Tent, Solar Panels, & Smart Thermostat, Ample Closet Space, 2 Flexible Living Spaces & Office Option, Crown Molding, Wood-burning Fireplace, Light & Bright Windows for Days, Desirable Layout, & Superior Surround Sound System. Dreamy Backyard Features Deck with Pergola, Outdoor Speakers, Swing-set, Treehouse, & Sizable Storage Shed. Outdoor Space is KEY this year ~ Walking Distance to Stovall Park! Convenient Location for Highway Access, Shopping, & Dining! WELCOME HOME!

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: Woodbine

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Woodbine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10222171

* 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
Wood Elementary School Primary Regular 725 42 5
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Wood Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 42
5
GreatSchools Rating

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
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$989
Property Tax -$580
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$268,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$29,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9803$2,1004$2,2005$2,275
$2,275
RENT COMPS ANALYSIS
  • 6115 Kingswood Drive Arlington, TX 2
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.90
    •  
  • 5500 Dana Point Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1983
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.93
    •  
  • 2319 Glenmoor Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 2001
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 6315 Weaver Drive Arlington, TX 4
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 6123 Sandstone Drive Arlington, TX 5
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 1992
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.96
    •  
PROPERTY LISTING DETAILS
Hannah Gramling
Real Estate By Pat Gray
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474580
Last Updated: 11/27/2020
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