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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $99.35
- 2 Days on Market
- MLS # : 14492275
- Updated Date : 01/01/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,381 sqft
- Baths : 3 full
Listing Agent
Re/max Elite
Listing Agent's Description
Beautiful desired neighborhood in highly sought Mansfield ISD. Spacious corner lot home among the largest lots in the subdivision. Open to souring high ceiling throughout downstairs this home features Living, Din and large family room with fireplace offering great entertaining space. Kitchen features island and an abundance of cabinets. Master and second Bdrm with bath are downstairs perfect for office or in-laws. Master bath features new floating vanity and mirrors with new faucets and flooring. Hugh gameroom and 2 Bdrms upstairs. New carpet and freshly painted throughout in Dec 2020. Water heater also replaced in 2020. Split 3 car garage. Beautiful comm pool and picnic area.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Tanglewood at Mansfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tanglewood at Mansfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,239 |
| Property Tax | -$796 | |
| Property Insurance | -$223 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$0
|
||
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.
$335,900
PROJECTED PRICE
$2,400
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,764
LOAN DETAILS
$1,239
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,975 |
| Loan Amount | $251,925 |
4.17
YEARS SAVED
$16,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,460
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
1004 Tanglewood Drive Mansfield, TX 2
- 4 beds 3 baths ∙ 3,381 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,381 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,400
- $0.71
-
1313 Sheffield Drive Mansfield, TX 1
- 4 beds 3 baths ∙ 3,340 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,340 Sqft ∙ Built 2002
LEASED 12/09/19- Rent
- Rent Per SQFT
- $2,395
- $0.72
-
2100 Harvest Way Mansfield, TX 3
- 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2002
LEASED 01/07/20- Rent
- Rent Per SQFT
- $2,495
- $0.73
-
3220 Essex Drive Mansfield, TX 4
- 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 1998
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,575
- $0.73
-
1310 Tanglewood Drive Mansfield, TX 5
- 4 beds 3 baths ∙ 3,566 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,566 Sqft ∙ Built 1999
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,595
- $0.73
PROPERTY LISTING DETAILS
Re/max Elite
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492275
Last Updated: 01/01/2021
