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6403 Willowstone Trail Arlington, TX 76018

5 Beds 3 Baths 3,048 sqft Built 1997

$314,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $103.31
  • 3 Days on Market
  • MLS # : 14508082
  • Updated Date : 01/29/2021 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,048 sqft
  • Baths : 3 full
Listing Agent

The Michael Group Real Estate

Listing Agent's Description

Sought after Hunter Pointe addition this David Weekly home has Vaulted ceilings , full sprinkler, all rooms wired for internet , sound & security. zoned heating and air heat pump, mud sink in garage, Tankless water heater, additional storage in back yard storage barn. This beautiful 5 bedroom 3 bath, 3 living areas and 2 dining areas . Unique downstairs guest bedroom and full bath perfect for visiting parents or guests. This home has room for entertaining and having everyone spread out and enjoy the space. Crown molding, high ceiling , open floor plan make this home awesome for entertaining and gatherings. Walking distance to TCC College, minutes from shopping and dining and Hwy 360

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: Hunter Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $117k262k

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

Neighborhood: Hunter Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10221973

* 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
Ousley Junior High School Middle Regular 592 45 6
Seguin High School High Regular 1,653 114 5

Ousley Junior High School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 45
6
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,094
Property Tax -$682
Property Insurance -$203
HOA -$34
Property Management Fees -$99
CASH FLOW
$189

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.

$314,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$28,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,2753$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 6403 Willowstone Trail Arlington, TX 3
    • 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 6015 Guilia Drive Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.82
    •  
  • 2784 Sweetbriar Lane Grand Prairie, TX 2
    • 5 beds 4 baths ∙ 2,869 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,869 Sqft ∙ Built 2005
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.79
    •  
  • 5327 Kathryn Drive Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,758 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,758 Sqft ∙ Built 2005
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 3035 Cesareo Drive Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 3,202 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,202 Sqft ∙ Built 2001
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Rhonda Ruiz Walden
The Michael Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508082
Last Updated: 01/29/2021
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