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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $170.29
- 2 Days on Market
- MLS # : 14509595
- Updated Date : 01/30/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,848 sqft
- Baths : 2 full , 1 half
Listing Agent
Lifestyle Realty Group
Listing Agent's Description
Mansfield Masterpiece in the affluent highly sought after South Pointe community! Why waste your time building the basic floorplan when you can get a move in ready home with every interior and exterior upgrade to rival a model home? Gordon Ramsey would enjoy this custom kitchen complete with a wine fridge, gas range, pot filler, built in spice racks and so much more! Entertain family and friends safely outdoors under your covered patio complete with a TV mount. Work from home or the kids need privacy for virtual learning? No problem, there's an office with French doors! Game days will never be the same in your customized sports bar game room saloon! All in Mansfield ISD with quick access to the toll road!
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
Zip Code: 76063
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76063
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$1,100 | |
| Property Insurance | -$192 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$343
|
||
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.
$485,000
PROJECTED PRICE
$2,770
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.1% |
| 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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
1.17
YEARS SAVED
$2,722
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,421
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
1101 Cordova Street Mansfield, TX 5
- 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $2,770
- $0.97
-
1207 Fox Glen Trail Mansfield, TX 1
- 4 beds 2 baths ∙ 2,521 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,521 Sqft ∙ Built 2005
![property image]()
LEASED 10/23/19- Rent
- Rent Per SQFT
- $2,095
- $0.83
-
703 Tee Box Court Mansfield, TX 2
- 4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $2,225
- $0.86
-
1307 Concho Trail Mansfield, TX 3
- 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2009
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.85
-
3812 Calloway Drive Mansfield, TX 4
- 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003
![property image]()
LEASED 07/12/20- Rent
- Rent Per SQFT
- $2,675
- $0.86
PROPERTY LISTING DETAILS
Lifestyle Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509595
Last Updated: 01/30/2021
