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4404 Meadow Knoll Lane Mansfield, TX 76063

4 Beds 3 Baths 3,047 sqft Built 2006

$375,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $123.07
  • 3 Days on Market
  • MLS # : 14472403
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,047 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Stunning updated home located in Mansfield ISD with tons of flex space, a short distance from the elementary & high school! Enter & be wowed by the upgrades, from the neutral paint & stylish barn doors to the luxury flooring detail throughout downstairs. In the kitchen, you will find quartz counters, new stainless appliances, an island with a pop of color, & a built in wine fridge! The private enclosed office can double has a guest or play room. 3 bedrooms upstairs with a flex space perfect for a 2nd living or media room. Extended patio is ideal for enjoying your relaxing backyard. Near Joe Pool Lake & just off of Highway 360 providing a quick commute. Flooring in master bath is being replaced before closing.

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: Meadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Meadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262501

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,384
Property Tax -$889
Property Insurance -$203
HOA -$48
Property Management Fees -$99
CASH FLOW
-$123

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.

$375,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.67%

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$8.0k$10k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,4953$2,5004$2,5955$2,795
$2,795
RENT COMPS ANALYSIS
  • 4404 Meadow Knoll Lane Mansfield, TX 3
    • 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 712 Crockett Drive Mansfield, TX 1
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.78
    •  
  • 705 Cross Meadow Boulevard Mansfield, TX 2
    • 5 beds 4 baths ∙ 3,193 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,193 Sqft ∙ Built 2006
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 3223 Porma Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.91
    •  
  • 1408 Judy Lane Mansfield, TX 5
    • 5 beds 3 baths ∙ 3,160 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,160 Sqft ∙ Built 2007
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jordan Davis
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472403
Last Updated: 12/04/2020
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