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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $138.83
- 3 Days on Market
- MLS # : 14475188
- Updated Date : 11/20/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,874 sqft
- Baths : 3 full , 1 half
Listing Agent
Regent Realty, Llc
Listing Agent's Description
Gorgeous Garden Heights 4 bedroom, 3.5 baths, 3 car garage well maintained home featuring a second master suite upstairs. Stunning architectural windows provide wonderful natural light and decorating opportunities. Gourmet kitchen with stainless steel appliances, granite counters and breakfast bar. Master suite with garden tub, separate shower, separate vanities and sitting area. Room at entry is used as a study, but could be formal dining. Community has a pool within walking distance of the home. Close to Hawaiian Falls water park, Mansfield National public golf course, and walking distance to the elementary.
SEE MORE
- 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: Garden Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Garden Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$946 | |
| Property Insurance | -$193 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$160
|
||
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.
$399,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
2.42
YEARS SAVED
$8,583
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,433
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
4202 Poppy Drive Mansfield, TX 3
- 4 beds 4 baths ∙ 2,874 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,874 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,600
- $0.90
-
716 Bowie Lane Mansfield, TX 1
- 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2001
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,150
- $0.82
-
703 Tee Box Court Mansfield, TX 2
- 4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,589 Sqft ∙ Built 2003
LEASED 04/28/20- Rent
- Rent Per SQFT
- $2,225
- $0.86
-
3812 Calloway Drive Mansfield, TX 4
- 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 2003
LEASED 07/12/20- Rent
- Rent Per SQFT
- $2,675
- $0.86
PROPERTY LISTING DETAILS
Regent Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475188
Last Updated: 11/20/2020
