Property Report :

706 crockett drive

706 Crockett Dr, Mansfield, TX 76063

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Ken Rubin

706 Crockett Dr, Mansfield, TX 76063

Singlefamily: 5 bedrooms , 4 bathrooms

Year built: 2005, Size: 3919 SF

Investment strategy: Rental Property

Purchase Price$ 300,000

Rent$ 2,600/mo

Monthly Cash Flow$ 257

Cash on Cash Return3.63 %

Financial Analysis

Cash on Cash Return	3.63 %
Internal Rate of Return (IRR)	11.41 %
Capitalization Rate	5.65 %
Gross Rent Multiplier (GRM)	9.62
Debt-coverage Ratio (DCR)	1.22
Operating Expense Ratio (OER)	42.77 %

Financial Breakdown

Purchase Price	$ 300,000
Purchase Costs	$ 4,868
Repair/Construction Costs	$ 5,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 309,868
Financing	$ 225,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 84,868
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 75,563
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	$ 9,305

Operating Analysis

Rent	$ 2,600/mo
Gross Operating Income (GOI)	$ 29,640
Total Expenses	$ 12,676
Net Operating Income (NOI)	$ 16,964
Annual Debt Service	$ 13,882
Cash Flow Before Taxes (CFBT)	$ 3,082
Income Tax Liability	$ -817
Cash Flow After Taxes (CFAT)	$ 3,899

Purchase Price	$ 300,000
Address	706 Crockett Dr , Mansfield, 76063, TX
Year Built	2005
Type	Singlefamily
Size	3919 SF
Bedrooms	5
Bathrooms	4

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	$ 31,200
	$ 0
	$ 0
Total Gross Income	$ 31,200
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	$ 1,560
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	$ 29,640	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
Property manager	$ 1,020	3.44 %
Insurance	$ 1,600	5.40 %
Repairs	$ 500	1.69 %
Property tax	$ 9,556	32.24 %
Total Expenses	$ 12,676	42.77 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	$ 16,964	57.23 %

Cash Flow (Year 1)

Net Operating Income	$ 16,964	57.23 %
Annual Debt Service	$ 13,882	46.83 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 3,082	10.40 %
Income Tax Liability	$ -817	-2.76 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 3,899	13.15 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	42.77 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	89.60 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
Operational Analysis
Gross Scheduled Income	0	31,200	32,136	33,100	34,093	35,116	36,169	37,254	38,372	39,523	40,709	41,930	43,188	44,484	45,818	47,193	48,609	50,067	51,569	53,116	54,709	56,351	58,041	59,782	61,576	63,423	65,326	67,286	69,304	71,383	73,525
Vacancy Loss	0	1,560	1,607	1,655	1,705	1,756	1,808	1,863	1,919	1,976	2,035	2,096	2,159	2,224	2,291	2,360	2,430	2,503	2,578	2,656	2,735	2,817	2,902	2,989	3,079	3,171	3,266	3,364	3,465	3,569	3,676
Gross Operating Income	0	29,640	30,529	31,445	32,388	33,360	34,361	35,392	36,453	37,547	38,673	39,834	41,029	42,260	43,527	44,833	46,178	47,564	48,990	50,460	51,974	53,533	55,139	56,793	58,497	60,252	62,060	63,921	65,839	67,814	69,849
Expenses	0	12,676	12,930	13,188	13,452	13,721	13,995	14,275	14,561	14,852	15,149	15,452	15,761	16,076	16,398	16,726	17,060	17,401	17,749	18,104	18,467	18,836	19,213	19,597	19,989	20,389	20,796	21,212	21,636	22,069	22,511
Net Operating Income	0	16,964	17,600	18,257	18,937	19,639	20,366	21,116	21,893	22,695	23,525	24,382	25,268	26,183	27,130	28,107	29,118	30,162	31,241	32,356	33,507	34,697	35,927	37,197	38,508	39,864	41,263	42,709	44,203	45,745	47,338
1. Loan Payment	0	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882
Payment Interest Part	0	10,332	10,164	9,988	9,804	9,612	9,410	9,199	8,977	8,746	8,503	8,249	7,983	7,704	7,412	7,107	6,787	6,451	6,100	5,733	5,348	4,945	4,522	4,080	3,617	3,132	2,624	2,093	1,536	952	342
Payment Principal Part	0	3,550	3,718	3,894	4,077	4,270	4,472	4,683	4,904	5,136	5,379	5,633	5,899	6,178	6,469	6,775	7,095	7,430	7,781	8,149	8,534	8,937	9,359	9,801	10,265	10,749	11,257	11,789	12,346	12,929	13,540
2. Loan Payment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Payment Interest Part	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Payment Principal Part	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Debt Service	0	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882	13,882
Cash Flow
Repairs/Construction	5,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-84,868	3,082	3,718	4,375	5,055	5,757	6,484	7,235	8,011	8,813	9,643	10,500	11,386	12,302	13,248	14,226	15,236	16,280	17,359	18,474	19,626	20,816	22,045	23,315	24,627	25,982	27,382	28,827	30,321	31,863	33,456
Depreciation	0	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727	8,727
Taxes	0	-817	-504	-179	158	507	869	1,244	1,633	2,037	2,455	2,888	3,338	3,803	4,286	4,787	5,306	5,844	6,401	6,979	7,579	8,200	8,844	9,512	10,204	10,922	11,666	12,437	13,237	14,066	14,925
Cash Flow After Taxes	-84,868	3,899	4,221	4,554	4,897	5,250	5,615	5,990	6,378	6,777	7,188	7,612	8,048	8,498	8,962	9,439	9,931	10,437	10,958	11,495	12,047	12,616	13,201	13,803	14,423	15,060	15,716	16,391	17,084	17,798	18,531

Note: All amounts in the table above are in $

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