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

4306 Cobblestone Circle Mansfield, TX 76063

4 Beds 2 Baths 1,999 sqft Built 2015

$340,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $170.09
  • 4 Days on Market
  • MLS # : 14521719
  • Updated Date : 02/25/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,999 sqft
  • Baths : 2 full
Listing Agent

Epic National Realty, Llc

Listing Agent's Description

Lovely 4 bedroom, 2 bathroom home with community access to pools, a park and a playground in Mansfield ISD. Tall ceilings throughout, an open concept floorplan and lots of natural light are some of the homes many features. The kitchen has SS appliances, 42in cabinets and a large pantry, plus extra counter space off the breakfast area for additional of storage. The kitchen opens into the living room, which features a cozy fireplace! The spacious master bedroom features a window bench, and large WIC, and the bathroom features a large garden tub, custom tiled shower and double sinks. Enjoy entertaining guests on the covered patio in the backyard with a treelined privacy fence!

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: Garden Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

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

Neighborhood: Garden Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262693

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,181
Property Tax -$806
Property Insurance -$143
HOA -$47
Property Management Fees -$99
CASH FLOW
-$186

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.

$340,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,8954$1,9255$2,090
$2,090
RENT COMPS ANALYSIS
  • 4306 Cobblestone Circle Mansfield, TX 5
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.05
    •  
  • 4702 Fox Meadows Lane Mansfield, TX 1
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2005
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.00
    •  
  • 4408 Fox Meadows Mansfield, TX 2
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2004
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 4406 Fox Meadows Lane Mansfield, TX 3
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2003
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 803 Meadowbrook Lane Mansfield, TX 4
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2004
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tanner Milner
Epic National Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521719
Last Updated: 02/25/2021
BESbswy