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5011 Havenside Way Mansfield, TX 76063

5 Beds 4 Baths 3,957 sqft Built 2011

$495,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $125.09
  • 3 Days on Market
  • MLS # : 14476862
  • Updated Date : 11/28/2020 at 16:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,957 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome to SPRING LAKE ESTATES! This beautiful customized home has it all and quality speaks for itself the minute you enter the front door. Hard to imagine ONE THIRD of an acre lot in a residential setting. Immaculately maintained to a T and located in a neighborhood of like homes with pride of ownership. Extraordinary views of the saltwater pool and spa captured from all lower level rooms. Master suite is on the back of the home and beyond the sweeping staircase are 4 other sleeping quarters upstairs. Study has access to full bath if in-laws need a place to rest. Entertainment areas for the younger set are upstairs, including game room and media room. Just tie a bow around it for Christmas and call it a day!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k447k

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

Neighborhood: Spring Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263335

* 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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$1,826
Property Tax -$1,072
Property Insurance -$256
HOA -$38
Property Management Fees -$99
CASH FLOW
-$190

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.

$495,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,096

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9003$2,9954$3,1005$3,150
$3,150
RENT COMPS ANALYSIS
  • 5011 Havenside Way Arlington, TX 4
    • 5 beds 4 baths ∙ 3,957 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,957 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.78
    •  
  • 114 Pinedale Drive Mansfield, TX 1
    • 5 beds 4 baths ∙ 3,752 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,752 Sqft ∙ Built 2005
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 705 Player Avenue Mansfield, TX 2
    • 5 beds 4 baths ∙ 3,620 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,620 Sqft ∙ Built 2010
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 203 Pinnacle Drive Mansfield, TX 3
    • 4 beds 4 baths ∙ 3,994 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,994 Sqft ∙ Built 2003
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.75
    •  
  • 10 Pinedale Court Mansfield, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Suzanne Key
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476862
Last Updated: 11/28/2020
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