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1205 Northglen Court Mansfield, TX 76063

5 Beds 4 Baths 3,586 sqft Built 2002

$575,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $160.35
  • 5 Days on Market
  • MLS # : 14529782
  • Updated Date : 03/10/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,586 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hometiva

Listing Agent's Description

Showstopper! You're greeted with modern elegance the moment you step inside. This completely renovated home offers 5 bedrooms, 3.5 baths and has an open layout for entertaining and a spacious kitchen that will be the dream of ANY home chef. You’ll love entertaining friends upstairs with a spectacular media room and additional bonus room. Enjoy the backyard oasis featuring a cedar covered patio overlooking the sparkling heated salt water pool with waterfall and grotto. Walnut Creek North is a lovely sought after neighborhood directly next to Walnut Creek Country Club. This home has it all!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Walnut Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k345k

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

Neighborhood: Walnut Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262571

* 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
J.l. Boren Elementary School Primary Regular 567 36 8
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield High School High Regular 2,333 123 8

J.l. Boren Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 36
8
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield High School

  • Education Level: High
  • # of students: 2,333
  • # of teachers: 123
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,997
Property Tax -$1,363
Property Insurance -$234
HOA -$12
Property Management Fees -$99
CASH FLOW
-$1,045

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.

$575,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$40

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,645

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,6603$2,7004$2,8505$2,995
$2,995
RENT COMPS ANALYSIS
  • 1205 Northglen Court Mansfield, TX 2
    • 5 beds 4 baths ∙ 3,586 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,586 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.74
    •  
  • 1108 Saint Ann Drive Mansfield, TX 1
    • 4 beds 4 baths ∙ 3,286 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,286 Sqft ∙ Built 2004
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 8218 Ithaca Drive Arlington, TX 3
    • 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
  • 3010 Saint Amanda Drive Mansfield, TX 4
    • 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2003
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.78
    •  
  • 206 Cabotwood Trail Mansfield, TX 5
    • 6 beds 4 baths ∙ 3,881 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,881 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
PROPERTY LISTING DETAILS
Tabor Campbell
Hometiva
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529782
Last Updated: 03/10/2021
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