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2102 Cancun Drive Mansfield, TX 76063

4 Beds 2 Baths 2,030 sqft Built 2003

$265,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $130.54
  • 3 Days on Market
  • MLS # : 14531032
  • Updated Date : 03/13/2021 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Your Team Realty Inc

Listing Agent's Description

Multiple Offers highest and best Sunday March 14th at 5pm. Well taken care of 4 bedroom, 2 bath, 2 car garage brick home. Home sits on a large double lot with tons of space for entertainment. Plenty of room for cookouts, the kids to play, or room to store your toys! Open concept with a wood burning fireplace to cozy up to on a cold night after taking a hot bath in the garden tub! Covered patio to enjoy on those nice days. Solar screens on all windows. Over 2,000 sq ft in sought after Mansfield ISD. 10 x 14 Storage building for extra storage. Less then 10 minutes from 287, shopping, and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Country Meadows at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $118k290k

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

Neighborhood: Country Meadows at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10682016

* 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 Jo Sheppard Elementary School Primary Regular 543 36 6
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Mary Jo Sheppard Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 36
6
GreatSchools Rating

Linda Jobe Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 53
8
GreatSchools Rating

Mansfield Legacy High School

  • Education Level: High
  • # of students: 1,945
  • # of teachers: 103
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$920
Property Tax -$628
Property Insurance -$145
HOA -$4
Property Management Fees -$99
CASH FLOW
$284

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$35,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0503$2,0804$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 2102 Cancun Drive Mansfield, TX 3
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.02
    •  
  • 1504 Cancun Drive Mansfield, TX 1
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2001
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.96
    •  
  • 2001 Sail Fish Drive Mansfield, TX 2
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2003
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 1703 Treasure Cay Drive Mansfield, TX 4
    • 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004
    property image
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 2008 Cancun Drive Mansfield, TX 5
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2003
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
PROPERTY LISTING DETAILS
Samantha Mejia
Your Team Realty Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531032
Last Updated: 03/13/2021
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