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1112 Starleaf Drive Mansfield, TX 76063

4 Beds 4 Baths 3,780 sqft Built 2007

$465,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $123.02
  • 3 Days on Market
  • MLS # : 14499259
  • Updated Date : 01/16/2021 at 08:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,780 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

The Heart of this home is the main Living-Kitchen-Breakfast Area.This room greets you with the most amazing view out its wall of windows.Kitchen offers island, 42 in. cabinets. .Functional design.Owner's suite has sitting area, a Luxurious Bathroom, His & Her Vanities, Garden tub, Separate shwr and WI closet. Three other split bedrooms on first floor.Large bonus room upstairs, with game room and media setup. Wet bar and bathroom upstairs.Home is appointed on almost .5 ACRE-plenty of room for a pool (One full bath is perfectly designed for access as pool bath). Walking distance to highly acclaimed Nancy Neal Elem. Enjoy the neighborhood ponds and parks.3 car garage. MISD. ***Don't miss walking virtual tour***

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Woodland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k378k

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

Neighborhood: Woodland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262604

* 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
Nancy Neal Elementary School Primary Regular 432 30 10
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Nancy Neal Elementary School

  • Education Level: Primary
  • # of students: 432
  • # of teachers: 30
10
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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,615
Property Tax -$1,102
Property Insurance -$246
HOA -$16
Property Management Fees -$99
CASH FLOW
-$397

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.

$465,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,709

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,5753$2,5954$2,680
$2,680
RENT COMPS ANALYSIS
  • 1112 Starleaf Drive Mansfield, TX 4
    • 4 beds 4 baths ∙ 3,780 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,780 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.71
    •  
  • 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
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.69
    •  
  • 3220 Essex Drive Mansfield, TX 2
    • 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 1998
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.73
    •  
  • 1310 Tanglewood Drive Mansfield, TX 3
    • 4 beds 3 baths ∙ 3,566 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,566 Sqft ∙ Built 1999
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
PROPERTY LISTING DETAILS
Angelique Burkett
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499259
Last Updated: 01/16/2021
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