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7919 Mosstree Drive Arlington, TX 76001

4 Beds 3 Baths 3,700 sqft Built 2001

$360,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $97.30
  • 7 Days on Market
  • MLS # : 14505824
  • Updated Date : 01/30/2021 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,700 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty Plano

Listing Agent's Description

RARE FIND IN SOUGHT-AFTER MANSFIELD ISD! Welcome to this spacious 4 bedroom, 3 bath home equipped with an extra study downstairs that can be used as 5th bedroom! This SPACIOUS property boasts 2 living areas, 2 dining areas, 3 full baths and spacious game room. You will fall in love with the OVERSIZED master suite on the second floor, boasting a small living area, Dual closets and a custom 6-foot standing shower. This property will not last long!! *Multiple offers received, please submit highest and best*

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: South Cooper Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $117k243k

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

Neighborhood: South Cooper Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10221779

* 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
D.p. Morris Elementary School Primary Regular 534 36 7
Brooks Wester Middle School Middle Regular 872 51 8
Mansfield Summit High School High Regular 2,020 114 4

D.p. Morris Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 36
7
GreatSchools Rating

Brooks Wester Middle School

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

Mansfield Summit High School

  • Education Level: High
  • # of students: 2,020
  • # of teachers: 114
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,250
Property Tax -$779
Property Insurance -$241
Property Management Fees -$99
CASH FLOW
$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$360,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,775

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,420
1$2,4202$2,5953$2,7004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 7919 Mosstree Drive Arlington, TX 1
    • 4 beds 3 baths ∙ 3,700 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,700 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.65
    •  
  • 1211 Manchester Drive Mansfield, TX 2
    • 5 beds 4 baths ∙ 3,562 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,562 Sqft ∙ Built 2003
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
  • 8218 Ithaca Drive Arlington, TX 3
    • 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
  • 3010 Saint Amanda Drive Mansfield, TX 4
    • 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2003
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.78
    •  
  • 1021 Manchester Drive Mansfield, TX 5
    • 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 2003
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Harrison Usun
Coldwell Banker Realty Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505824
Last Updated: 01/30/2021
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