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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $122.61
- 4 Days on Market
- MLS # : 14483420
- Updated Date : 12/11/2020 at 16:25
CONSTRUCTION
- Beds : 4
- Floor Size : 3,662 sqft
- Baths : 3 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Welcome to this spacious home with spectacular floor plan in Twin Creeks! You’ll be impressed the moment you enter the home with the hardwood floors, extensive crown molding, soaring ceilings, and decorative lighting. Amazing gourmet kitchen offers stainless steel appliances, gas cook-top, tons of cabinets, & two separate pantries. Master bedroom includes en-suite bathroom with separate vanities & large walk-in closet. Bonus! Second bedroom downstairs with adjacent full bath can also double as an office. Upstairs boasts huge flexible living space with wet bar, two bedrooms, craft room, & full bath! Don’t miss this pool sized backyard with beautiful wraparound patio for entertaining!
SEE MORE
- . 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: Twin Creeks at Mansfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twin Creeks at Mansfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$1,064 | |
| Property Insurance | -$239 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$389
|
||
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.
$449,000
PROJECTED PRICE
$2,690
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 1.9% |
| 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
$124,735
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
0.67
YEARS SAVED
$1,775
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,380
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
1005 Yukon Drive Mansfield, TX 3
- 4 beds 4 baths ∙ 3,662 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,662 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,690
- $0.73
-
1004 Tanglewood Drive Mansfield, TX 1
- 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2002
LEASED 12/23/19- Rent
- Rent Per SQFT
- $2,250
- $0.66
-
1103 Doubletree Lane Mansfield, TX 2
- 5 beds 4 baths ∙ 3,722 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,722 Sqft ∙ Built 2005
LEASED 08/09/20- Rent
- Rent Per SQFT
- $2,400
- $0.64
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483420
Last Updated: 12/11/2020
