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7405 Winding Way Drive Arlington, TX 76001

4 Beds 5 Baths 4,028 sqft Built 2018

$745,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $184.96
  • 2 Days on Market
  • MLS # : 14514571
  • Updated Date : 02/06/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,028 sqft
  • Baths : 3 full , 2 half
Listing Agent

Kimberly Adams Realty

Listing Agent's Description

Welcome home to this gated, immaculate, prairie modern home in the desirable Mansfield ISD. As you enter through the ironed double-doors, a grand spiral staircase welcomes you. With the ceiling soaring more than 22 feet high in the foyer and great room, you will experience the elegance this home commands. With 2 master suites on the first floor and 2 secondary bedrooms upstairs, 3 full baths and 2 half baths, it will definitely accommodate what you're trying to achieve. 3 and a quarter plank width Red Oak hand-scraped hardwood flooring in Foyer, Family, Dining, and Study. Designer marble-like tiles in kitchen and both master bathrooms. Home is conveniently located near major highways and shopping centers.

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: 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
Carol Holt Elementary School Primary Regular 476 32 7
T.a. Howard Middle School Middle Regular 855 59 6
Mansfield Legacy High School High Regular 1,945 103 6

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 Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$670,500$819,500$745,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,588
Property Tax -$1,613
Property Insurance -$260
HOA -$125
Property Management Fees -$99
CASH FLOW
-$1,444

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.

$745,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,588

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$75

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,927

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7003$2,9004$3,240
$3,240
RENT COMPS ANALYSIS
  • 7405 Winding Way Drive Arlington, TX 4
    • 4 beds 5 baths ∙ 4,028 Sqft ∙ Built 2018 4 beds 5 baths ∙ 4,028 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.80
    •  
  • 94 Forest Mill Trail Mansfield, TX 1
    • 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2003
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.69
    •  
  • 8218 Ithaca Drive Arlington, TX 2
    • 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
  • 1021 Manchester Drive Mansfield, TX 3
    • 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kimberly Vo
Kimberly Adams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514571
Last Updated: 02/06/2021
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