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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $141.56
- 4 Days on Market
- MLS # : 14506984
- Updated Date : 02/06/2021 at 08:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,978 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
BEAUTIFUL METICULOUSLY MAINTAINED FAMILY HOME LOCATED IN MANSFIELD ISD! 3 BEDROOM 2 BATH PLUS ADDITIONAL ROOM FOR AN OFFICE OR 2ND LIVING SPACE. THE COZY LIVING AREA FEATURES STRAND BAMBOO FLOORING, TILE FIREPLACE & CROWN MOLDING. THE KITCHEN IS OVERSIZED WITH SHINY MARBLE COUNTERTOPS, ARCHED DOORWAY, BLACK APPLIANCES, PANTRY & LARGE BREAKFAST BAR AREA. SPACIOUS MASTER BEDROOM HAS CROWN MOLDING, VAULTED CEILING, DUAL SINKS & VANITIES, GARDEN TUB, SEPARATE SHOWER & WALK-IN CLOSET. THE BACKYARD IS PROMINENT WITH AN IMMENSE COVERED PATIO AREA, OUTDOOR CEILING FAN FOR TEXAS SUMMERS & MAINTAINED LANDSCAPING. LARGE 3 CAR TANDEM GARAGE. EASY ACCESS TO WALNUT CREEK COUNTRY CLUB, MAJOR HIGHWAYS, RESTAURANTS AND PARKS.
SEE MORE
- 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: Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$664 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$280,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.2% |
| 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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
4.42
YEARS SAVED
$12,380
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,884
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2416 Hillary Trail Mansfield, TX 4
- 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.96
-
8172 La Frontera Trail Arlington, TX 1
- 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2006
![property image]()
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,825
- $0.95
-
8408 Olivia Meadow Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,845
- $0.99
-
2308 Welch Place Mansfield, TX 3
- 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1994
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
511 Promise Creek Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007
![property image]()
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,900
- $0.97
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506984
Last Updated: 02/06/2021
