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4600 Oakview Drive Mansfield, TX 76063

3 Beds 2 Baths 1,652 sqft Built 2009

$263,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $159.20
  • 1 Days on Market
  • MLS # : 14489098
  • Updated Date : 12/26/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Bray Real Estate Group

Listing Agent's Description

This Spectacular Home on a Corner Lot has great curb appeal and a Covered Porch that sets the tone of this home. Inside you will be lead to a very specious open floor plan with an Island Kitchen, Extended Counter area, walk-in pantry and lots of cabinet space. Updated Blk SS Fingerprint resistant Appliances. Large Master with spacious bathroom and closet. Oversized backyard with an extended Patio is perfect for all of your entertaining needs. ROOF COMPLETELY REPLACED in 2020. Located in one of the most popular areas in North Texas and top school district. Minutes away from Joe Pool Lake. Refrigerator Negotiable! More pics coming soon.

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: Holland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Holland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11142171

* 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
 

$236,700$289,300$263,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$970
Property Tax -$623
Property Insurance -$123
HOA -$21
Property Management Fees -$99
CASH FLOW
-$86

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.

$263,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$75,445

INVESTMENT

$75,445

Down Payment
$65,750
Rehab Estimate
$5,750
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,750
Loan Amount $197,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 4600 Oakview Drive Mansfield, TX 3
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 4706 Ashbury Lane Mansfield, TX 1
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 2005
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 4701 Ashbury Lane Mansfield, TX 2
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2006
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 4503 Ashbury Lane Mansfield, TX 4
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2004
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 4609 Sailboat Drive Mansfield, TX 5
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2009
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.13
    •  
PROPERTY LISTING DETAILS
Ann Marie Mendez
Bray Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489098
Last Updated: 12/26/2020
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