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2513 Blossom Trail Mansfield, TX 76063

4 Beds 3 Baths 2,669 sqft Built 2004

$350,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.14
  • 4 Days on Market
  • MLS # : 14463396
  • Updated Date : 11/01/2020 at 08:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,669 sqft
  • Baths : 2 full , 1 half
Listing Agent

Interhomes Realty

Listing Agent's Description

Well maintained home on spacious, almost quarter of an acre corner lot, in highly sought after Trails neighborhood and Mansfield High school zone. You will instantly feel at home when you walk through the door. The spacious kitchen has plenty of room for entertaining and overlooks the living area and backyard with large mature trees. Utility room is huge and has tons of room for extra storage. Home features an oversized game room with 3 additional bedrooms upstairs. You won't want to miss this one. Professional pics will be uploaded on Monday.

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

Neighborhood: Trails

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262251

* 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
Roberta Tipps Elementary School Primary Regular 666 42 8
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield High School High Regular 2,333 123 8

Roberta Tipps Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
8
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,291
Property Tax -$830
Property Insurance -$181
HOA -$47
Property Management Fees -$99
CASH FLOW
-$358

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.

$350,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0903$2,1504$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2513 Blossom Trail Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.78
    •  
  • 1410 Holley Creek Lane Mansfield, TX 1
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1987
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 212 Misty Mesa Trail Mansfield, TX 3
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2003
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 110 Millington Trail Mansfield, TX 4
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2002
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 505 Dover Park Trail Mansfield, TX 5
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
PROPERTY LISTING DETAILS
Keziah Farrar
Interhomes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463396
Last Updated: 11/01/2020
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