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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $118.76
- 5 Days on Market
- MLS # : 14521255
- Updated Date : 02/27/2021 at 09:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,484 sqft
- Baths : 2 full , 1 half
Listing Agent
Epps Realty, Llc
Listing Agent's Description
Tree lined streets and custom homes, that's what Meadowview Farms is made of...and this BEAUTY won't last long! This sought after 4 bedroom floorplan with 2.5 baths is meticulously maintained and has all the right updates. Designer paint colors and flooring, updated lighting, white cabinets and granite tops, vaulted beadboard ceilings, HVAC system (2020), added insulation (2020), exterior paint & gutters (2018). The interior features high ceilings, custom built ins, separate gameroom with wet bar, laundry large enough for a freezer or second pantry, floor to ceiling brick fireplace, double sinks in guest bath, master suite with his & her closets, garden tub, and separate shower. Great patio for entertaining!
SEE MORE
- . 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
Neighborhood: Meadowview Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowview Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$715 | |
| Property Insurance | -$171 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$60
|
||
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.
$295,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
3.17
YEARS SAVED
$7,878
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,981
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
1207 Terrace Drive Mesquite, TX 5
- 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
1121 Via Del Rey Mesquite, TX 1
- 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1974
![property image]()
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,695
- $0.68
-
1226 Terrace Drive Mesquite, TX 2
- 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1985
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,795
- $0.80
-
4125 Blackwillow Drive Mesquite, TX 3
- 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1979
![property image]()
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
-
4411 Silverthorn Drive Mesquite, TX 4
- 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1983
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.86
PROPERTY LISTING DETAILS
Epps Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521255
Last Updated: 02/27/2021
