Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1514 Brighton Drive Mansfield, TX 76063

5 Beds 3 Baths 2,515 sqft Built 2000

$377,340

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $150.04
  • 4 Days on Market
  • MLS # : 14465772
  • Updated Date : 11/06/2020 at 13:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,515 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Welcome home! Very well-maintained home with an open layout in a fantastic well-established neighborhood! This Beautiful 5-bedroom 3 bath multi-generational home is perfect for any family, large or small! The living area features expansive vaulted ceilings, which keeps the large space nice and bright, a fireplace as the focal point, and is open to the gorgeous kitchen. Upstairs features a spacious secondary living room & 3 large bedrooms. As you enter the backyard, all your stress will melt away! Spend your time relaxing year-round in your sparkling pool, soaking in the hot tub, or enjoying the beautiful landscaping from your expansive patio! Large storage shed, with electricity and extra storage.

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: Walnut Creek Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Walnut Creek Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$339,606$415,074$377,340

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,392
Property Tax -$894
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
-$458

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.

$377,340

PROJECTED PRICE

$2,100

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,745

INVESTMENT

$105,745

Down Payment
$94,335
Rehab Estimate
$5,750
Closing Costs
$5,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,392

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,335
Loan Amount $283,005
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0954$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1514 Brighton Drive Mansfield, TX 5
    • 5 beds 3 baths ∙ 2,515 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,515 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 1409 Fairhaven Drive Mansfield, TX 1
    • 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1991
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 2202 Richmond Circle Mansfield, TX 2
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 1408 Oxford Drive Mansfield, TX 3
    • 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1998
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 1655 Churchill Lane Mansfield, TX 4
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2000
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jamie Adams
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465772
Last Updated: 11/06/2020
BESbswy