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

4604 Lydia Lane Mansfield, TX 76063

5 Beds 4 Baths 4,032 sqft Built 2020

INVESTimate

$509,123

List Price

$3,080

$2,830 - $3,330

Rent Est.

$545,169  ( +7.08%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $126.27
  • 7 Days on Market
  • MLS # : 14417699
  • Updated Date : 08/20/2020 at 16:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,032 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14417699 - Built by First Texas Homes - January completion! ~ Beautiful home with gormet California kitchen, with custom painted white cabinets, stainless steel 5-cook-top with double ovens, pots and pans drawers under cook top, spice rack, trash can drawer, brushed nickel hardware, framed mirrors @ Master & powder baths, arch estate cast iron fireplace, wood, tile, carpet flooring, granite @ kitchen & master bath, jetted tub @ master bath, covered patio, blinds, full gutters, & much more!

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

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.
 

$458,211$560,035$509,123

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,878
Property Tax -$1,207
Property Insurance -$260
HOA -$58
Property Management Fees -$99
CASH FLOW
-$423

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.

$509,123

PROJECTED PRICE

$3,080

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.08%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,918

INVESTMENT

$136,918

Down Payment
$127,281
Rehab Estimate
$2,000
Closing Costs
$7,637

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,281
Loan Amount $381,842
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,105

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9953$2,9954$3,080
$3,080
RENT COMPS ANALYSIS
  • 4604 Lydia Lane Mansfield, TX 4
    • 5 beds 4 baths ∙ 4,032 Sqft ∙ Built 2020 5 beds 4 baths ∙ 4,032 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.76
    •  
  • 114 Pinedale Drive Mansfield, TX 1
    • 5 beds 4 baths ∙ 3,752 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,752 Sqft ∙ Built 2005
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 10 Pinedale Mansfield, TX 2
    • 6 beds 4 baths ∙ 3,765 Sqft ∙ Built 2003 6 beds 4 baths ∙ 3,765 Sqft ∙ Built 2003
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.80
    •  
  • 2708 Fuente Grand Prairie, TX 3
    • 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2010
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
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 #: 14417699
Last Updated: 08/20/2020
BESbswy