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6 Fort Worth Court Mansfield, TX 76063

3 Beds 2 Baths 1,270 sqft Built 1987

$199,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

$58,724

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.9%
Cash Flow	$24
Value Increase	$14,560

10 YEAR

Cash On Cash	-2.7%
Total Return	11.1%

PROPERTY INFO

SINGLE-FAMILY

February 20, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1987
Price/Sqft : $157.40
2 Days on Market
MLS # : 14495624
Updated Date : 02/20/2021 at 09:30

CONSTRUCTION

Beds : 3
Floor Size : 1,270 sqft
Baths : 2 full

Listing Agent

Re/max Trinity

Listing Agent's Description

Nice 3 bedroom home in highly desirable Mansfield ISD. Raised, beamed ceilings, wood-burning fireplace with brick hearth, kitchen with built-in appliances, granite countertops, wood-look flooring, carpet, 2 car garage, wood fencing. This home is situated on a nice oversized corner, cul-de-sac lot in an established neighborhood within close proximity to shopping, dining, schools & houses of worship. Don't miss this one!

514 Fort Worth St

Mansfield, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Hillcrest West

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

Neighborhood: Hillcrest West

* 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
Erma Nash Elementary School	Primary	Regular	622	43	8
Rogene Worley Middle School	Middle	Regular	929	55	7
Mansfield Lake Ridge High School	High	Unknown	2,085	113	NA

Erma Nash Elementary School

Education Level: Primary
# of students: 622
# of teachers: 43

GreatSchools Rating

Rogene Worley Middle School

Education Level: Middle
# of students: 929
# of teachers: 55

GreatSchools Rating

Mansfield Lake Ridge High School

Education Level: High
# of students: 2,085
# of teachers: 113

GreatSchools Rating

FINANCIALS

Learn how to read this

$179,910$219,89000$199,900

PURCHASE PRICE

$1,233$1,50700$1,370

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,370
EXPENSES	Loan Payment	-$694
	Property Tax	-$474
	Property Insurance	-$101
	Property Management Fees	-$99




CASH FLOW $2

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.

$199,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.74%
Appreciation Year (1-5)	7.1%
Maintenance Year (1-5)	8.00%
Vacancy	6.69%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$58,724

Down Payment	$49,975
Rehab Estimate	$5,750
Closing Costs	$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$49,975
Loan Amount	$149,925

See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$7,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,370
LIST RENT
$1.08
LIST RENT PER SQFT

$1,365
COMP ESTIMATED VALUE
$1.08
COMP AVG. RENT PER SQFT

Comps Range

$1,370

1$1,3702$1,4503$1,4754$1,5495$1,600

$1,600

RENT COMPS ANALYSIS

1,270
PROPERTY SQFT
$1.08
AVG RENT PER SQFT
$1,365
ESTIMATED VALUE
$1,370
LIST RENT

6 Fort Worth Court Mansfield, TX 3

3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987
Price

Price Per SQFT

$199,900

$157.40
626 S Waxahachie Street Mansfield, TX 1

3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1987
SOLD 08/29/20
Price

Price Per SQFT

$174,900

$150.26
706 Meadowview Drive Mansfield, TX 2

3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1980
SOLD 11/21/20
Price

Price Per SQFT

$185,000

$150.16
612 Circleview Drive Mansfield, TX 4

3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1983
SOLD 01/16/21
Price

Price Per SQFT

$200,000

$153.49
616 Circleview Drive Mansfield, TX 5

3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1980
SOLD 01/23/21
Price

Price Per SQFT

$225,000

$171.49

6 Fort Worth Court Mansfield, TX 1

3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1987
Rent

Rent Per SQFT

$1,370

$1.08
906 Fort Worth Street Mansfield, TX 2

3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1977
LEASED 02/08/21
Rent

Rent Per SQFT

$1,450

$1.05
612 Live Oak Drive Mansfield, TX 3

3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1977
LEASED 08/12/20
Rent

Rent Per SQFT

$1,475

$1.07
608 Dayton Road Mansfield, TX 4

3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1987
LEASED 01/16/20
Rent

Rent Per SQFT

$1,549

$1.07
620 Blueberry Hill Lane Mansfield, TX 5

3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998
LEASED 08/16/20
Rent

Rent Per SQFT

$1,600

$1.11

PROPERTY LISTING DETAILS

Daniel Murphy
Re/max Trinity

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495624
Last Updated: 02/20/2021

6 Fort Worth Court Mansfield, TX 76063

$199,900

$1,370

$58,724

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Erma Nash Elementary School

Rogene Worley Middle School

Mansfield Lake Ridge High School

FINANCIALS

$179,910$219,89000$199,900

$1,233$1,50700$1,370

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$199,900

$1,370

0.69%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$694

4.25

$7,989

$199,900

$157.4

$198,565

$156.35

COMPS RANGE

PRICE COMPS ANALYSIS

$1,370

$1.08

$1,365

$1.08

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS