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4101 Mustang Trail Flower Mound, TX 75028

4 Beds 4 Baths 3,360 sqft Built 2001

$573,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $170.54
  • 3 Days on Market
  • MLS # : 14532490
  • Updated Date : 03/26/2021 at 16:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,360 sqft
  • Baths : 4 full
Listing Agent

Era Myers & Myers Realty

Listing Agent's Description

This beautiful home is located in one of the most sought out established neighborhoods in Flower Mound. Bridlewood Golf Course Community offers so many amazing amenities and located close to a variety of restaurants, grocery stores, and shopping. Check out the top notch schools located in this family friendly community.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Remington Park at Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Remington Park at Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Bridlewood Elementary School Primary Regular 467 30 10
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Bridlewood Elementary School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 30
10
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$515,700$630,300$573,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$1,990
Property Tax -$989
Property Insurance -$221
HOA -$79
Property Management Fees -$99
CASH FLOW
-$189

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.

$573,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$157,595

INVESTMENT

$157,595

Down Payment
$143,250
Rehab Estimate
$5,750
Closing Costs
$8,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,250
Loan Amount $429,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,856

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,5953$2,9004$2,9995$3,190
$3,190
RENT COMPS ANALYSIS
  • 4101 Mustang Trail Flower Mound, TX 5
    • 4 beds 4 baths ∙ 3,360 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,360 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.95
    •  
  • 3621 Nandina Drive Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2003
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.78
    •  
  • 3412 Heather Glen Drive Flower Mound, TX 2
    • 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 1992
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 3616 Karla Drive Flower Mound, TX 3
    • 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.90
    •  
  • 3629 Timothy Drive Flower Mound, TX 4
    • 4 beds 4 baths ∙ 3,453 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,453 Sqft ∙ Built 2004
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.87
    •  
PROPERTY LISTING DETAILS
Yvonne Callahan
Era Myers & Myers Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532490
Last Updated: 03/26/2021
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