Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4111 Ping Drive Mansfield, TX 76063

4 Beds 2 Baths 2,147 sqft Built 2001

$295,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $137.40
  • 2 Days on Market
  • MLS # : 14527483
  • Updated Date : 03/06/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Cutting edge Smart Home with 4 bedrooms and 2 bathrooms located in the desirable Mansfield National neighborhood. This home boasts a new roof, updated AC, modern light fixtures and fresh paint within the distinguished Mansfield School District. After a long day enjoy your oversized covered patio with jacuzzi. Just waiting for you to call home.

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: Mansfield National

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k357k

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

Neighborhood: Mansfield National

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $11262593

* 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
Elizabeth Smith Elementary School Primary Regular 706 43 9
Danny Jones Middle School Middle Regular 843 51 9
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Elizabeth Smith Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 43
9
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,025
Property Tax -$699
Property Insurance -$151
HOA -$42
Property Management Fees -$99
CASH FLOW
$144

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.

$295,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,1604$2,1955$2,250
$2,250
RENT COMPS ANALYSIS
  • 4111 Ping Drive Mansfield, TX 3
    • 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.01
    •  
  • 95 Forest Glen Drive Mansfield, TX 1
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3904 Calloway Drive Mansfield, TX 2
    • 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 2002
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 206 Sandpoint Drive Mansfield, TX 4
    • 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2006
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 500 Titleist Drive Mansfield, TX 5
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2002
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
PROPERTY LISTING DETAILS
Janet Russell
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527483
Last Updated: 03/06/2021
BESbswy