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3106 Poplar Hill Trail Mansfield, TX 76063

5 Beds 3 Baths 3,257 sqft Built 2002

$320,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $98.25
  • 2 Days on Market
  • MLS # : 14536834
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,257 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty

Listing Agent's Description

Tons of space!! 3 living rooms, 2 dining areas, 3 FULL bathrooms. Master bedroom and en-suite bath with jetted tub and separate shower is located downstairs as well as 1 more bedroom and full bath. 3 More bedrooms and full bath along with a vastly oversized game room are upstairs. Back yard has great privacy with brick wall maintained by HOA. This home is in sought out Mansfield ISD, with a great neighborhood pool and lots of neighborhood events. Very close to restaurants and shopping and great highway access.

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: Willowstone Estates at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Willowstone Estates at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262176

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,111
Property Tax -$759
Property Insurance -$215
HOA -$31
Property Management Fees -$99
CASH FLOW
$135

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.

$320,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.73%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$22,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,3504$2,4505$2,475
$2,475
RENT COMPS ANALYSIS
  • 3106 Poplar Hill Trail Mansfield, TX 3
    • 5 beds 3 baths ∙ 3,257 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,257 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
  • 3213 Bloomfield Trail Mansfield, TX 1
    • 4 beds 3 baths ∙ 3,117 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,117 Sqft ∙ Built 2004
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
  • 1309 Rosebrook Drive Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,931 Sqft ∙ Built 2002
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 1100 Bonanza Court Arlington, TX 4
    • 5 beds 4 baths ∙ 3,239 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,239 Sqft ∙ Built 2001
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.76
    •  
  • 802 Saint Matthew Drive Mansfield, TX 5
    • 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 1999
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.78
    •  
PROPERTY LISTING DETAILS
April Clements
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536834
Last Updated: 03/19/2021
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