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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $114.86
- 4 Days on Market
- MLS # : 14515765
- Updated Date : 02/27/2021 at 08:15
CONSTRUCTION
- Beds : 5
- Floor Size : 4,440 sqft
- Baths : 4 full
Listing Agent
Tdrealty
Listing Agent's Description
Located in the highly sought-after Mansfield ISD this CASTLE of a home is simply JAW-DROPPING. All the bedrooms in this EXQUISITE home are OVER-SIZED, to say the least. The GOURMET kitchen offers dual ovens and a PLETHORA of storage. The MASSIVE in-home theatre features a wet bar as well as an elevated seating section. Entertaining just became a sinch with your massive backyard, two dining areas, and two living spaces, not to mention PLENTY of bedrooms to boot. Get cozy by the fireplace or relax in the upstairs bonus loft. GORGEOUS flooring VAULTED ceilings and DECORATIVE lighting are just a few of the many LUXURIOUS features in this Show Stopper. If you want to feel like royalty then this is the place for you!
SEE MORE
- . 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: Bella Vista at Mira Lagos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bella Vista at Mira Lagos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,060 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$1,119 | |
| Property Insurance | -$284 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$258
|
||
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.
$510,000
PROJECTED PRICE
$3,060
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.7% |
| 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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
1.67
YEARS SAVED
$5,726
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,060
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$3,541
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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2939 Arenoso Grand Prairie, TX 1
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- $3,060
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- 4 beds 4 baths ∙ 4,501 Sqft ∙ Built 2010 4 beds 4 baths ∙ 4,501 Sqft ∙ Built 2010
LEASED 06/15/20- Rent
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- $3,250
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4402 Woodcrest Lane Mansfield, TX 3
- 5 beds 4 baths ∙ 4,149 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,149 Sqft ∙ Built 2014
LEASED 02/05/21- Rent
- Rent Per SQFT
- $3,400
- $0.82
-
4805 Comstock Way Mansfield, TX 4
- 6 beds 5 baths ∙ 4,666 Sqft ∙ Built 2017 6 beds 5 baths ∙ 4,666 Sqft ∙ Built 2017
LEASED 11/12/19- Rent
- Rent Per SQFT
- $3,500
- $0.75
-
2716 La Jolla Boulevard Grand Prairie, TX 5
- 6 beds 4 baths ∙ 4,667 Sqft ∙ Built 2020 6 beds 4 baths ∙ 4,667 Sqft ∙ Built 2020
LEASED 02/23/21- Rent
- Rent Per SQFT
- $4,200
- $0.90
PROPERTY LISTING DETAILS
Tdrealty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515765
Last Updated: 02/27/2021
