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390 Holland Court Mansfield, TX 76063

4 Beds 4 Baths 2,563 sqft Built 1998

$499,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $194.69
  • 2 Days on Market
  • MLS # : 14507526
  • Updated Date : 01/29/2021 at 19:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,563 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Four bedroom three and a half bath home with a study on 1.9 acres of land! Spacious living and dining areas! Unique builtins! Kitchen with breakfast bar, granite countertops, stainless steel appliances and plenty of storage space! Master suite with bath featuring separate shower, jetted tub, dual sinks and walkin closet. Secret room off kitchen! Home also features a mother in law suite complete with separate full kitchen in the main house! Home also features a 700 square foot guest quarters with bath and kitchen attached to the two car detached garage. Covered patio with outdoor kitchen, inground pool, and space for boat or RV parking! This home has too much to list and is a must see! Convenient location!

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: Waterford Park at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k450k

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

Neighborhood: Waterford Park at Mansfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263581

* 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
Mary Lillard Intermediate School Primary Regular 945 53 8
Danny Jones Middle School Middle Regular 843 51 9
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Mary Lillard Intermediate School

  • Education Level: Primary
  • # of students: 945
  • # of teachers: 53
8
GreatSchools Rating

Danny Jones Middle School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 51
9
GreatSchools Rating

Mansfield Lake Ridge High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 113
NA
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,733
Property Tax -$1,183
Property Insurance -$175
Property Management Fees -$99
CASH FLOW
-$580

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.

$499,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.52%

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

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,1954$2,3755$2,610
$2,610
RENT COMPS ANALYSIS
  • 390 Holland Court Mansfield, TX 5
    • 4 beds 4 baths ∙ 2,563 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,563 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.02
    •  
  • 717 Bowie Lane Mansfield, TX 1
    • 4 beds 2 baths ∙ 2,292 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,292 Sqft ∙ Built 2004
    property image
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 716 Bowie Lane Mansfield, TX 2
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2001
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 3256 Guadaloupe Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2005
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 715 San Antonio Trail Mansfield, TX 4
    • 4 beds 2 baths ∙ 2,624 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,624 Sqft ∙ Built 2002
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lauren Ochoa
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507526
Last Updated: 01/29/2021
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