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734 Montvale Drive Mansfield, TX 76063

3 Beds 2 Baths 1,742 sqft Built 1983

$249,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $143.46
  • 5 Days on Market
  • MLS # : 14521364
  • Updated Date : 02/25/2021 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

South Estates Realty

Listing Agent's Description

Very well maintained and nicely updated home in highly sought Mansfield ISD. Beautiful kitchen with stainless steel appliances and plenty of counter space. Freshly remodeled master bath includes spacious shower and 2 walk in closets. Nice Sized backyard with new fencing, has covered patio and storage shed. Newer Roof (2yrs old). Well landscaped yard with fresh exterior paint. On a private cul-de-sac with privacy wall. **MULTIPLE OFFERS RECEIVED** Send your HIGHEST & Best by Sunday, 2-28 at 10:00AM.

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

Neighborhood: Walnut Creek Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Walnut Creek Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
J.l. Boren Elementary School Primary Regular 567 36 8
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield High School High Regular 2,333 123 8

J.l. Boren Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 36
8
GreatSchools Rating

Brooks Wester Middle School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 51
8
GreatSchools Rating

Mansfield High School

  • Education Level: High
  • # of students: 2,333
  • # of teachers: 123
8
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$868
Property Tax -$592
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$103

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.

$249,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$18,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6953$1,7504$1,7905$1,850
$1,850
RENT COMPS ANALYSIS
  • 734 Montvale Drive Mansfield, TX 4
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.03
    •  
  • 1018 Almond Drive Mansfield, TX 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1976
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.98
    •  
  • 1017 Hickory Circle Mansfield, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1976
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 1008 Westminster Lane Mansfield, TX 3
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1978
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 1008 Aspen Lane Mansfield, TX 5
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1976
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
PROPERTY LISTING DETAILS
Marc Mackey
South Estates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521364
Last Updated: 02/25/2021
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