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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $136.07
- 4 Days on Market
- MLS # : 14474366
- Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,903 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Curb appeal! Gorgeous brick porch w scroll iron front door. Hand-scraped hardwood floors, even on staircase! Plantation shutters $ vaulted ceilings w designer fixtures. Front bedroom could make perfect office - there’s a full bath across hall. Large master has fabulous en-suite -LOVE! Herringbone Subway tile shower w frameless glass doors & separate Garden tub. Dual vanity sinks & walk in closet has dresser. Travertine tile in kitchen w Breakfast bar. 5 burner gas cooktop, Stainless GE Profile appliances includes fridge! Austin chop stone fireplace w gas starter & logs. Beautifull landscaped yard w St. Augustine grass, sprinkler system. Gated driveway w rear garage entry. Pergola Diving Pool - Get here fast!
SEE MORE
- 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: Dover Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dover Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$936 | |
| Property Insurance | -$195 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$463
|
||
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.
$395,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
0.25
YEARS SAVED
$250
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,192
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
614 Dorchester Lane Mansfield, TX 3
- 5 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,903 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,240
- $0.77
-
3103 Poplar Hill Trail Mansfield, TX 1
- 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2002
LEASED 12/04/19- Rent
- Rent Per SQFT
- $1,999
- $0.70
-
212 Misty Mesa Trail Mansfield, TX 2
- 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2003
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,150
- $0.76
-
1019 Manchester Drive Mansfield, TX 4
- 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2003
LEASED 12/17/19- Rent
- Rent Per SQFT
- $2,250
- $0.75
-
505 Dover Park Trail Mansfield, TX 5
- 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,250
- $0.81
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474366
Last Updated: 11/22/2020
