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4512 Longbourn Drive Mansfield, TX 76063

5 Beds 4 Baths 4,112 sqft Built 2021

$579,704

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $140.98
  • 2 Days on Market
  • MLS # : 14497221
  • Updated Date : 01/09/2021 at 16:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,112 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14497221 - Built by First Texas Homes - May completion! ~ This beautiful home is fully loaded with everything you could want. The gourmet California kitchen has custom stained dark ebony cabinets, stainless steel 5-burner cooktop with double ovens, wood vent hood, pot filler, double trash can drawer @ kitchen, apron front white single bowl sink, stone to ceiling fireplace with stone mantle, wood, tile, carpet flooring, granite @ kitchen, master bath countertop, & wet bar & media room, jetted tub @ master bath, covered patio, full gutters, blinds, & more!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76063

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76063

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$521,734$637,674$579,704

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,014
Property Tax -$1,374
Property Insurance -$265
HOA -$58
Property Management Fees -$99
CASH FLOW
-$1,270

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$579,704

PROJECTED PRICE

$2,540

PROJECTED RENT

0.44%

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) 3.00%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,622

INVESTMENT

$155,622

Down Payment
$144,926
Rehab Estimate
$2,000
Closing Costs
$8,696

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,926
Loan Amount $434,778
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $3,454

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$3,1503$3,2254$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4512 Longbourn Drive Mansfield, TX 1
    • 5 beds 4 baths ∙ 4,112 Sqft ∙ Built 2021 5 beds 4 baths ∙ 4,112 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.62
    •  
  • 10 Pinedale Court Mansfield, TX 2
    • 6 beds 4 baths ∙ 3,765 Sqft ∙ Built 2003 6 beds 4 baths ∙ 3,765 Sqft ∙ Built 2003
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.84
    •  
  • 2947 Nadar Grand Prairie, TX 3
    • 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.84
    •  
  • 4402 Woodcrest Lane Mansfield, TX 4
    • 5 beds 4 baths ∙ 4,149 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,149 Sqft ∙ Built 2014
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.82
    •  
  • 7523 Lynnwood Drive Grand Prairie, TX 5
    • 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 2018
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497221
Last Updated: 01/09/2021
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