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6210 Wentworth Court Arlington, TX 76001

3 Beds 2 Baths 1,651 sqft Built 1984

$249,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $151.36
  • 5 Days on Market
  • MLS # : 14464123
  • Updated Date : 11/04/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,651 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Wonderful investment opportunity awaits! You will love this remodeled super cute home nestled on cul de sac lot! Kitchen has beautiful granite countertops and back splash, custom cabinets, stainless steel appliances, refrigerator, lovely ceramic tile, breakfast bar and more! Home has been freshly painted with designer paint! Awesome living room with recessed lighting and nice brick fireplace! Master suite is a nice size with walk in closet, jetted tub, separate shower with stylish tile and dual sinks! Master has sky light and and access to back yard! Step outside to a lovely yard with covered porch! There is plenty of room here for all your family gatherings! Don't Miss this one! Lease in place till July 2021

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: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $117k250k

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

Neighborhood: Southwest Arlington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221790

* 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
Moore Elementary School Primary Regular 672 41 7
Boles Junior High School Middle Regular 724 50 8
Martin High School High Regular 3,361 199 7

Moore Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 41
7
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$922
Property Tax -$541
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
-$95

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.

$249,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5904$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 6210 Wentworth Court Arlington, TX 3
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.96
    •  
  • 3900 Wentworth Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1984
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 6209 Big Springs Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 6305 Big Springs Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 6315 Meadowmere Lane Arlington, TX 5
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1991
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Elizabeth Rockett
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464123
Last Updated: 11/04/2020
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