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6123 Pinwood Circle Arlington, TX 76001

4 Beds 3 Baths 3,144 sqft Built 1989

INVESTimate

$349,000

List Price

$2,350

$2,115 - $2,585

Rent Est.

$377,060  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $111.01
  • 6 Days on Market
  • MLS # : 14414177
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kind Realty

Listing Agent's Description

BEAUTIFUL home, BEAUTIFUL remodel, BEAUTIFUL backyard views! This amazing home has it all...new flooring, granite counters, stainless appliances, modern fixtures, fresh paint, and so much more! The massive size offers 3,100 square feet with a floorplan that includes a downstairs master suite, 3 large living areas, 2 dining areas & big upstairs bedrooms. The secluded master has a spa bathroom with incredible views of the park-like backyard. Additionally the beautifully remodeled kitchen has a modern vibe with gray cabinets, subway tile, & a kitchen island with contrasting granite. The curb appeal is grand with a soaring entry at the front door & new landscaping. Don't miss your chance to be the next lucky owner!

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: Edgewood Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Edgewood Arlington

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
Carol Holt Elementary School Primary Regular 476 32 7
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Summit High School High Regular 2,020 114 4

Carol Holt Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 32
7
GreatSchools Rating

T.a. Howard Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 59
6
GreatSchools Rating

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,288
Property Tax -$756
Property Insurance -$209
Property Management Fees -$99
CASH FLOW
-$1

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.

$349,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,397

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,3004$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 6123 Pinwood Circle Arlington, TX 4
    • 4 beds 3 baths ∙ 3,144 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,144 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
  • 5418 Emerald Park Boulevard Arlington, TX 1
    • 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,967 Sqft ∙ Built 1986
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.71
    •  
  • 6422 Parkmont Drive Arlington, TX 2
    • 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,839 Sqft ∙ Built 1997
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 6342 Cobblestone Lane Arlington, TX 3
    • 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 1997
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 2416 Aramic Court Arlington, TX 5
    • 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,017 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
PROPERTY LISTING DETAILS
Elizabeth Kelly
Kind Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414177
Last Updated: 08/21/2020
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