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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $219.71
- 6 Days on Market
- MLS # : 14486533
- Updated Date : 01/05/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,318 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Newly remodeled home sits on a 1.6 acre lot in the perfect location with easy access to schools, shopping and restaurants. Gated entry, circle drive and perfect floor plan for entertaining. Incredible kitchen has been remodeled and features stainless appliances, beautiful cabinetry, granite, new backslash and is open to the living and breakfast area. The fabulous stone fireplace is enjoyed by both living rooms. The master is downstairs and master bath is absolutely beautiful. Upstairs features 3 bedrooms, a bath and an a game room. Step outside to the huge pool, gazebo, and lots of additional space. New flooring, Air conditioner, roof, paint, fixtures, iron door, and so much more. Excellent Mansfield schools
SEE MORE
- # 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: The Arbors of Creekwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors of Creekwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$2,532 |
| Property Tax | -$1,728 | |
| Property Insurance | -$219 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,858
|
||
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.
$729,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$198,935
LOAN DETAILS
$2,532
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $182,250 |
| Loan Amount | $546,750 |
-0.33
YEARS SAVED
$3,686
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$3,011
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
201 N Creekwood Drive Mansfield, TX 2
- 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,318 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,720
- $0.82
-
2613 Morgan Ann Avenue Mansfield, TX 1
- 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
-
2114 Kingsbury Road Mansfield, TX 3
- 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2006
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,800
- $0.93
-
2100 Hodges Place Mansfield, TX 4
- 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 2003
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.94
-
2513 Woodbridge Trail Mansfield, TX 5
- 5 beds 4 baths ∙ 3,228 Sqft ∙ Built 1994 5 beds 4 baths ∙ 3,228 Sqft ∙ Built 1994
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $3,000
- $0.93
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486533
Last Updated: 01/05/2021
