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800 Hertfordshire Lane Mansfield, TX 76063

4 Beds 4 Baths 4,441 sqft Built 2020

$549,475

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $123.73
  • 5 Days on Market
  • MLS # : 14479868
  • Updated Date : 12/02/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,441 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14479868 - Built by First Texas Homes - May completion! ~ This beautiful home has a gourmet California kitchen with stainless steel 5-burner cooktop with double ovens, custom stained cabinets, granite countertops, cast iron fireplace, jetted tub with large shower and framed mirrors, granite countertops, wood, carpet, and tile flooring, framed mirror & granite countertop @ powder bath, also this home has a second master up, dry bar, large covered patio, blinds, full gutters, & more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$494,528$604,423$549,475

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,027
Property Tax -$1,302
Property Insurance -$284
HOA -$58
Property Management Fees -$99
CASH FLOW
-$681

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.

$549,475

PROJECTED PRICE

$3,090

PROJECTED RENT

0.56%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,611

INVESTMENT

$147,611

Down Payment
$137,369
Rehab Estimate
$2,000
Closing Costs
$8,242

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,027

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,369
Loan Amount $412,106
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $3,124

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,925
1$2,9252$3,0903$3,2004$3,250
$3,250
RENT COMPS ANALYSIS
  • 800 Hertfordshire Lane Mansfield, TX 2
    • 4 beds 4 baths ∙ 4,441 Sqft ∙ Built 2020 4 beds 4 baths ∙ 4,441 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $0.70
    •  
  • 13 Monticello Court Mansfield, TX 1
    • 5 beds 4 baths ∙ 4,581 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,581 Sqft ∙ Built 2002
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $0.64
    •  
  • 4205 Iron Lane Mansfield, TX 3
    • 5 beds 4 baths ∙ 4,294 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,294 Sqft ∙ Built 2003
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.75
    •  
  • 3220 Pamplona Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 4,501 Sqft ∙ Built 2010 4 beds 4 baths ∙ 4,501 Sqft ∙ Built 2010
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.72
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479868
Last Updated: 12/02/2020
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