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1712 Cedar Bluff Parkway Mansfield, TX 76063

4 Beds 3 Baths 2,916 sqft Built 2020

INVESTimate

$475,079

List Price

$2,610

$2,360 - $2,860

Rent Est.

$127,896

Investment Est.

$508,715 ( +7.08%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	6.59%
NOI	$11,505

15 YEAR
Yield	-0.03%
Appreciation	4.00%
TOTAL RETURN	17.65%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

August 25, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $162.92
2 Days on Market
MLS # : 14420416
Updated Date : 08/25/2020 at 10:29

CONSTRUCTION

Beds : 4
Floor Size : 2,916 sqft
Baths : 2 full , 1 half

Listing Agent

Knob & Key Realty Partners Llc

Listing Agent's Description

NEW JOHN HOUSTON CUSTOM HOME IN SOUTH POINTE IN MANSFIELD ISD. Include structural options such as: extended covered patio, taller family room ceilings and custom built-ins. Include upgrades such as : wood floors, granite counter tops, custom cabinets. READY IN SEPTEMBER.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Mary Orr Intermediate School	Primary	Regular	845	53	7
Mary Orr Intermediate School	Middle	Regular	845	53	7
Mansfield Lake Ridge High School	High	Unknown	2,085	113	NA

Mary Orr Intermediate School

Education Level: Primary
# of students: 845
# of teachers: 53

GreatSchools Rating

Mary Orr Intermediate School

Education Level: Middle
# of students: 845
# of teachers: 53

GreatSchools Rating

Mansfield Lake Ridge High School

Education Level: High
# of students: 2,085
# of teachers: 113

GreatSchools Rating

FINANCIALS

Learn how to read this

$427,571$522,58700$475,079

PURCHASE PRICE

$2,349$2,87100$2,610

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,610
EXPENSES	Loan Payment	-$1,753
	Property Tax	-$1,078
	Property Insurance	-$196
	HOA	-$38
	Property Management Fees	-$99



CASH FLOW -$553

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$475,079

PROJECTED PRICE

$2,610

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	7.08%
Maintenance Year (1-5)	3.00%
Vacancy	6.93%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$127,896

Down Payment	$118,770
Rehab Estimate	$2,000
Closing Costs	$7,126

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$118,770
Loan Amount	$356,309

See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,610
LIST RENT
$0.9
LIST RENT PER SQFT

$2,610
COMP ESTIMATED VALUE
$0.89
COMP AVG. RENT PER SQFT

Comps Range

$2,225

1$2,2252$2,6103$2,6504$2,6755$2,800

$2,800

RENT COMPS ANALYSIS

2,916
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$2,610
ESTIMATED VALUE
$2,610
LIST RENT

1712 Cedar Bluff Parkway Mansfield, TX 4

4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2020
Price

Price Per SQFT

$475,079

$162.92
4204 Carnation Lane Mansfield, TX 1

4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016
SOLD 04/21/20
Price

Price Per SQFT

$359,900

$118.62
1200 Cordova Street Mansfield, TX 2

3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2019
SOLD 07/07/20
Price

Price Per SQFT

$424,900

$149.19
1106 Stonewall Drive Mansfield, TX 3

4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2019
SOLD 04/22/20
Price

Price Per SQFT

$469,990

$155.73
2401 Carrington Drive Mansfield, TX 5

3 beds 3 baths ∙ 2,893 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,893 Sqft ∙ Built 2019
SOLD 06/22/20
Price

Price Per SQFT

$485,429

$167.79

1712 Cedar Bluff Parkway Mansfield, TX 2

4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,610

$0.90
703 Tee Box Court Mansfield, TX 1

4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003
LEASED 04/28/20
Rent

Rent Per SQFT

$2,225

$0.86
4302 Mulligan Avenue Mansfield, TX 3

4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2002
LEASED 03/23/19
Rent

Rent Per SQFT

$2,650

$0.88
3812 Calloway Drive Mansfield, TX 4

4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003
LEASED 07/12/20
Rent

Rent Per SQFT

$2,675

$0.86
4016 Birdie Drive Mansfield, TX 5

4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2003
LEASED 09/20/19
Rent

Rent Per SQFT

$2,800

$0.98

PROPERTY LISTING DETAILS

Alan Simonton
Knob & Key Realty Partners Llc

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420416
Last Updated: 08/25/2020

1712 Cedar Bluff Parkway Mansfield, TX 76063

INVESTimate

$475,079

$2,610

$127,896

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Mary Orr Intermediate School

Mary Orr Intermediate School

Mansfield Lake Ridge High School

FINANCIALS

$427,571$522,58700$475,079

$2,349$2,87100$2,610

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$475,079

$2,610

0.55%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,753

0.33

$318

$475,079

$162.92

$431,080

$147.83

COMPS RANGE

PRICE COMPS ANALYSIS

$2,610

$0.9

$2,610

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS