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2611 Jaxon Way Mansfield, TX 76063

3 Beds 3 Baths 2,775 sqft Built 2021

$485,990

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $175.13
  • 7 Days on Market
  • MLS # : 14478626
  • Updated Date : 11/30/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,775 sqft
  • Baths : 2 full , 1 half
Listing Agent

Classic Property Management

Listing Agent's Description

Great One-Story, Move-In Ready April 2021! Built by Bloomfield Homes, this 3 Bed, 2.5 Bath and 3-Car Garage home is quality from inside to outside. Has curb appeal with the Stone & Brick Exterior and Full Landscaping. 8' Front Door opens to Rotunda entry. Study off entrance with walk-in closet, possible to use as additional bdrm. Nail-down Wood Flooring throughout main living areas. Formal Dining Room. Kitchen and Living area open layout with Vaulted Ceilings, lots of windows & Stone Fireplace. Deluxe Kitchen with SS Appliances, Large Island and Granite Countertops. Granite in Owner's Bath Suite and Hall Bath, too. Swing Garage. Great outdoor area with Extended Covered Patio, Full Fencing & Sprinkler System.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76063

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76063

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Donna Shepard Intermediate School Primary Regular 877 53 6
Linda Jobe Middle School Middle Regular 809 53 8
Mansfield Legacy High School High Regular 1,945 103 6

Donna Shepard Intermediate School

  • Education Level: Primary
  • # of students: 877
  • # of teachers: 53
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
 

$437,391$534,589$485,990

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,793
Property Tax -$1,152
Property Insurance -$188
HOA -$38
Property Management Fees -$99
CASH FLOW
-$1,059

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$485,990

PROJECTED PRICE

$2,210

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,787

INVESTMENT

$130,787

Down Payment
$121,498
Rehab Estimate
$2,000
Closing Costs
$7,290

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,498
Loan Amount $364,493
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$70

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,2104$2,300
$2,300
RENT COMPS ANALYSIS
  • 2611 Jaxon Way Mansfield, TX 3
    • 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.80
    •  
  • 1700 Hope Town Drive Mansfield, TX 1
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2004
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 2401 Lockshire Drive Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 2003
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 1006 Tanglewood Drive Mansfield, TX 4
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2001
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478626
Last Updated: 11/30/2020
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