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805 Foxtail Drive Mansfield, TX 76063

4 Beds 2 Baths 2,235 sqft Built 2018

$330,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $147.65
  • 5 Days on Market
  • MLS # : 14515524
  • Updated Date : 02/11/2021 at 11:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 2 full
Listing Agent

Meta Real Estate

Listing Agent's Description

***MULTIPLE OFFERS RECEIVED!!! Highest and best due by Saturday at 6:00 P.M. Stunning Bloomfield home in Mansfield ISD. Great curb appeal with lush landscaping and stone accents. This home is 4 bdrm 2.5 bath with a study within walking distance of Annette Perry Elementary. Open floorplan concept making entertaining a breeze with large island kitchen, stainless steel natural gas appliances, granite countertops and tons of cabinet and counter space. Split master bedroom with spacious master bath with his and hers vanities, garden tub and separate shower. Extended covered patio with natural gas is perfect for entertaining. Spacious backyard for kids and pets.

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

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
Annette Perry Elementary School Primary Regular 342 27 6
Rogene Worley Middle School Middle Regular 929 55 7
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Annette Perry Elementary School

  • Education Level: Primary
  • # of students: 342
  • # of teachers: 27
6
GreatSchools Rating

Rogene Worley Middle School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Lake Ridge High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 113
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,146
Property Tax -$749
Property Insurance -$156
HOA -$23
Property Management Fees -$99
CASH FLOW
-$303

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.

$330,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.57%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,157

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$1,9904$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 805 Foxtail Drive Mansfield, TX 2
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.84
    •  
  • 813 Cutting Horse Drive Mansfield, TX 1
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2006
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 1210 Concho Trail Mansfield, TX 3
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2009
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.97
    •  
  • 923 Remington Ranch Road Mansfield, TX 4
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 903 Lasso Lane Mansfield, TX 5
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 2005
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jason Kramer
Meta Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515524
Last Updated: 02/11/2021
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