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2707 Comanche Trail Mansfield, TX 76063

4 Beds 2 Baths 2,421 sqft Built 2004

INVESTimate

$304,900

List Price

$2,100

$1,890 - $2,310

Rent Est.

$321,639  ( +5.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $125.94
  • 2 Days on Market
  • MLS # : 14417464
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,421 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Wonderful 4 bedroom home located in Mansfield's desired subdivision, The Trails, close to everything Mansfield has to offer. This 4 bedroom home is open and bright. The spacious kitchen features a huge skylight over the island, large breakfast bar, tons of wood cabinets and brand new granite counters with new sink and pull out faucet. The bathrooms have also been updated with new granite, sinks and faucets. The owner has also installed brand new carpet throughout. Great floor plan with 2 living, 2 dining, split bedrooms and fireplace. Home also features pre-wired security system and full yard sprinkler system. Come view this one today before it's gone!!

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
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,125
Property Tax -$723
Property Insurance -$167
Property Management Fees -$99
CASH FLOW
-$14

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.

$304,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0954$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 2707 Comanche Trail Mansfield, TX 4
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 1506 Hampton Drive Mansfield, TX 1
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 632 Manchester Drive Mansfield, TX 2
    • 4 beds 2 baths ∙ 2,255 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,255 Sqft ∙ Built 2002
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 3003 Upland Drive Mansfield, TX 3
    • 4 beds 2 baths ∙ 2,402 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,402 Sqft ∙ Built 2001
    property image
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 69 Misty Mesa Trail Mansfield, TX 5
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2005
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
PROPERTY LISTING DETAILS
Brian Mattingly
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417464
Last Updated: 08/25/2020
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