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2000 Bent Creek Way Mansfield, TX 76063

5 Beds 5 Baths 3,208 sqft Built 2018

$430,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $134.04
  • 4 Days on Market
  • MLS # : 14464756
  • Updated Date : 11/05/2020 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,208 sqft
  • Baths : 4 full , 1 half
Listing Agent

Tdrealty

Listing Agent's Description

Located in the coveted Mansfield ISD this home is a HOT commodity. Right off the bat, this house will have you telling your spouse to pull the car over so you can call your realtor. No detail was forgotten in this STUNNING home. From the DECORATIVE light fixtures to the GIGANTIC backyard prepare to be amazed. This home is anything but mundane. Wood flooring creates a cozy yet LUXURIOUS vibe throughout the downstairs area, & did I mention this house offers not 1 but TWO master suites? You'll be cooking like a pro in your storage ridden gourmet style kitchen, and relaxing like a celebrity in your OVER-SIZED garden tub. If you enjoy a good WOW factor you'll really love living in one! Located on a CORNER LOT too!!

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

Zip Code: 76063

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76063

ZipNIR 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
Della Icenhower Intermediate School Primary Regular 862 50 6
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Della Icenhower Intermediate School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 50
6
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,587
Property Tax -$1,019
Property Insurance -$213
HOA -$33
Property Management Fees -$99
CASH FLOW
-$661

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.

$430,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$10

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2903$2,3004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 2000 Bent Creek Way Mansfield, TX 2
    • 5 beds 5 baths ∙ 3,208 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,208 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.71
    •  
  • 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
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 1105 Manchester Drive Mansfield, TX 3
    • 4 beds 3 baths ∙ 3,266 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,266 Sqft ∙ Built 2004
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 2305 Hillary Trail Mansfield, TX 4
    • 4 beds 4 baths ∙ 3,009 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,009 Sqft ∙ Built 2003
    property image
    LEASED 05/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 2613 Morgan Ann Avenue Mansfield, TX 5
    • 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tanika Donnell
Tdrealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464756
Last Updated: 11/05/2020
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