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1005 Yukon Drive Mansfield, TX 76063

4 Beds 4 Baths 3,662 sqft Built 2002

$449,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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

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: Twin Creeks at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k437k

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

Neighborhood: Twin Creeks at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263184

* 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
Alice Ponder Elementary School Primary Regular 494 37 7
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Alice Ponder Elementary School

  • Education Level: Primary
  • # of students: 494
  • # of teachers: 37
7
GreatSchools Rating

Linda Jobe Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 53
8
GreatSchools Rating

Mansfield Legacy High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,4003$2,690
$2,690
RENT COMPS ANALYSIS
  • 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
Karen Fenn
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483420
Last Updated: 12/11/2020
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