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11620 Mesa Crossing Drive Haslet, TX 76052

4 Beds 4 Baths 3,662 sqft Built 2013

$379,990

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $103.77
  • 5 Days on Market
  • MLS # : 14458398
  • Updated Date : 11/02/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,662 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mcelroy Team Realty

Listing Agent's Description

Incredibly well designed original owner Beazer Home in the oh so great location of Willow Ridge in walking distance to the highly acclaimed NW ISD schools... plus all the upgrades including hard wood floors, granite counters, rotunda iron spindle entry, and much more. With no neighbors directly behind, this one won't last long.

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: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$341,991$417,989$379,990

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,402
Property Tax -$909
Property Insurance -$239
HOA -$33
Property Management Fees -$99
CASH FLOW
$169

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.

$379,990

PROJECTED PRICE

$2,850

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,447

INVESTMENT

$106,447

Down Payment
$94,998
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,998
Loan Amount $284,993
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$34,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,728

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8003$2,850
$2,850
RENT COMPS ANALYSIS
  • 11620 Mesa Crossing Drive Haslet, TX 3
    • 4 beds 4 baths ∙ 3,662 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,662 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.78
    •  
  • 1152 Crest Breeze Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 1313 Mesa Crest Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,631 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,631 Sqft ∙ Built 2012
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Danny Mcelroy
Mcelroy Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458398
Last Updated: 11/02/2020
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