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5300 Havana Mansfield, TX 76063

4 Beds 4 Baths 3,813 sqft Built 2021

$478,900

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $125.60
  • 4 Days on Market
  • MLS # : 14503890
  • Updated Date : 01/21/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,813 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14503890 - Built by Sandlin Homes - March completion! ~ Beautiful Dublin plan featuring a beautiful spiral staircase. huge family room with vaulted ceilings, open kitchen, and study on first floor. HUGE media room and game room upstairs. Designer finishes and high end upgrades throughout.

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

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.
 

$431,010$526,790$478,900

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$1,663
Property Tax -$1,135
Property Insurance -$248
HOA -$30
Property Management Fees -$99
CASH FLOW
-$35

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.

$478,900

PROJECTED PRICE

$3,140

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,909

INVESTMENT

$128,909

Down Payment
$119,725
Rehab Estimate
$2,000
Closing Costs
$7,184

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,663

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,725
Loan Amount $359,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,165

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,1404$3,2255$3,500
$3,500
RENT COMPS ANALYSIS
  • 5300 Havana Mansfield, TX 3
    • 4 beds 4 baths ∙ 3,813 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,813 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.82
    •  
  • 4310 Aston Lane Mansfield, TX 1
    • 4 beds 4 baths ∙ 3,609 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,609 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.82
    •  
  • 701 Player Avenue Mansfield, TX 2
    • 4 beds 4 baths ∙ 3,761 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,761 Sqft ∙ Built 2006
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
  • 2947 Nadar Grand Prairie, TX 4
    • 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
    •  
  • 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 #: 14503890
Last Updated: 01/21/2021
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