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201 N Creekwood Drive Mansfield, TX 76063

4 Beds 3 Baths 3,318 sqft Built 1994

$729,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k367k

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

Neighborhood: The Arbors of Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262652

* 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
Willie Brown Elementary School Primary Regular 602 39 9
Mary Orr Intermediate School Middle Regular 845 53 7
Mansfield High School High Regular 2,333 123 8

Willie Brown Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 39
9
GreatSchools Rating

Mary Orr Intermediate School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 53
7
GreatSchools Rating

Mansfield High School

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

$656,100$801,900$729,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

-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
$2,550
1$2,5502$2,7203$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Kathy Lakatta
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486533
Last Updated: 01/05/2021
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