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1005 Hampstead Drive Mesquite, TX 75181

5 Beds 4 Baths 3,236 sqft Built 1999

$319,999

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $98.89
  • 4 Days on Market
  • MLS # : 14476449
  • Updated Date : 12/04/2020 at 15:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,236 sqft
  • Baths : 4 full
Listing Agent

B Residential Realty, Llc

Listing Agent's Description

LUXURY, LOCATION & LARGE LOT! UPGRADED, STUNNING, 2-story home located in wonderful Creek Crossing. You'll be welcomed by the beautiful landscaped curb appeal. Walk into a LOVELY light, bright, and open floorplan home with impressive Italian marble tile downstairs, complimented with an exquisitely designed kitchen boasting an exotic marble island and granite countertops with tile backsplash. Enjoy the HUGE backyard that can be used for practically anything you can imagine! Features five bedrooms, bonus room, for a multigenerational home or extended stay. Updates include solar panels, 2 AC units, 2 water heaters, flooring, counters & more! Be sure to view our FULL list of updates! BOOK YOUR TOUR TODAY!

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

Neighborhood: Creek Crossing Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k243k

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

Neighborhood: Creek Crossing Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9701740

* 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
Pirrung Elementary School Primary Regular 473 30 4
Terry Middle School Middle Regular 821 52 7
John Horn High School High Regular 2,284 140 4

Pirrung Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 30
4
GreatSchools Rating

Terry Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 52
7
GreatSchools Rating

John Horn High School

  • Education Level: High
  • # of students: 2,284
  • # of teachers: 140
4
GreatSchools Rating
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,181
Property Tax -$776
Property Insurance -$214
Property Management Fees -$99
CASH FLOW
-$100

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.

$319,999

PROJECTED PRICE

$2,170

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$8,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,815

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,5003$2,900
$2,900
RENT COMPS ANALYSIS
  • 1005 Hampstead Drive Mesquite, TX 1
    • 6 beds 4 baths ∙ 3,236 Sqft ∙ Built 1999 6 beds 4 baths ∙ 3,236 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.67
    •  
  • 1808 Willow Creek Mesquite, TX 2
    • 5 beds 4 baths ∙ 2,982 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,982 Sqft ∙ Built 1994
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 2108 Silver Leaf Drive Mesquite, TX 3
    • 5 beds 3 baths ∙ 3,236 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,236 Sqft ∙ Built 2000
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.90
    •  
PROPERTY LISTING DETAILS
Chris Garcia
B Residential Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476449
Last Updated: 12/04/2020
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