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7370 Sunflower Creek Road Mansfield, TX 76063

4 Beds 3 Baths 3,647 sqft Built 2021

$649,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $177.95
  • 6 Days on Market
  • MLS # : 14529349
  • Updated Date : 03/09/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,647 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Gibson Estates is located in one of the most coveted areas of Mansfield. This community is hidden from the hustle and bustle of the city, but still close enough to make school and work commute easy. Mature trees greet you as you turn in, and your beautiful home sits on large, one+ acre lots. Your retreat is not far from dining, shopping, and entertainment.

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

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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,254
Property Tax -$1,538
Property Insurance -$238
Property Management Fees -$99
CASH FLOW
-$1,409

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.

$649,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,985

INVESTMENT

$173,985

Down Payment
$162,250
Rehab Estimate
$2,000
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,753

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5753$2,5954$2,7205$3,000
$3,000
RENT COMPS ANALYSIS
  • 7370 Sunflower Creek Road Mansfield, TX 4
    • 4 beds 3 baths ∙ 3,647 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,647 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.75
    •  
  • 4709 Valleyview Drive Mansfield, TX 1
    • 4 beds 4 baths ∙ 3,306 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,306 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.69
    •  
  • 4211 Eagle Drive Mansfield, TX 2
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2012
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.74
    •  
  • 3 Saddlewood Court Mansfield, TX 3
    • 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2003
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.79
    •  
  • 701 Player Avenue Mansfield, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Georgie Zang
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529349
Last Updated: 03/09/2021
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