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2706 Whisper Court Mansfield, TX 76063

5 Beds 3 Baths 3,871 sqft Built 2005

$350,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $90.42
  • 6 Days on Market
  • MLS # : 14510715
  • Updated Date : 02/05/2021 at 12:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,871 sqft
  • Baths : 3 full
Listing Agent

Tdrealty

Listing Agent's Description

Well cared for 5 bedroom home, offers 3 full bath, 3 living rooms and a study! It has wood floors, ceramic tile and crown molding, Living Room 1 has a towering two story ceiling. Living Room 2 is open to the kitchen, fire places and a wall of large windows. Kitchen has stainless appliances, breakfast bar, walk in pantry. Living Room 3 is a Gigantic Game Room

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: Walnut Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Walnut Hills

NeighborhoodNIR 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
Martha Reid Elementary School Primary Regular 667 42 7
Rogene Worley Middle School Middle Regular 929 55 7
Mansfield High School High Regular 2,333 123 8

Martha Reid Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 42
7
GreatSchools Rating

Rogene Worley Middle School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 55
7
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

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,216
Property Tax -$830
Property Insurance -$251
HOA -$11
Property Management Fees -$99
CASH FLOW
$124

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

$2,530

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.1%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,516

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,345
1$2,3452$2,4253$2,5304$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 2706 Whisper Court Mansfield, TX 3
    • 5 beds 3 baths ∙ 3,871 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,871 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.65
    •  
  • 2314 Hillgrove Court Mansfield, TX 1
    • 5 beds 3 baths ∙ 3,857 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,857 Sqft ∙ Built 2005
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.61
    •  
  • 2701 Whisper Court Mansfield, TX 2
    • 5 beds 3 baths ∙ 3,906 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,906 Sqft ∙ Built 2005
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.62
    •  
  • 8156 La Frontera Trail Arlington, TX 4
    • 4 beds 3 baths ∙ 3,957 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,957 Sqft ∙ Built 2007
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.64
    •  
  • 8218 Ithaca Drive Arlington, TX 5
    • 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Raquel Wilson
Tdrealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510715
Last Updated: 02/05/2021
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