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1409 Sheffield Court Mesquite, TX 75149

4 Beds 2 Baths 2,218 sqft Built 1986

$259,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $117.18
  • 4 Days on Market
  • MLS # : 14485449
  • Updated Date : 12/18/2020 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,218 sqft
  • Baths : 2 full
Listing Agent

Vastu Realty Inc.

Listing Agent's Description

Beautiful house opens with 2 storey high ceiling living area attached to dinning area. This 4 bedrooms and 2 bathrooms house has master bedroom downstairs. Game and 3 bedrooms upstairs. Plenty of space in backyard for pool. Must SEE

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Castleridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Castleridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Rugel Elementary School Primary Regular 476 37 4
Rugel Elementary School Middle Regular 476 37 4
West Mesquite High School High Regular 1,935 129 3

Rugel Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 37
4
GreatSchools Rating

Rugel Elementary School

  • Education Level: Middle
  • # of students: 476
  • # of teachers: 37
4
GreatSchools Rating

West Mesquite High School

  • Education Level: High
  • # of students: 1,935
  • # of teachers: 129
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$959
Property Tax -$630
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
-$194

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.

$259,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5254$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 1409 Sheffield Court Mesquite, TX 4
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 2931 Potomac Avenue Mesquite, TX 1
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1978
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.66
    •  
  • 2311 Luau Street Mesquite, TX 2
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 1966
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 1412 Yorkshire Drive Mesquite, TX 3
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1985
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
  • 1409 Mount Vernon Drive Mesquite, TX 5
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1970
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.80
    •  
PROPERTY LISTING DETAILS
Prarthana Pandey Pokhrel
Vastu Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485449
Last Updated: 12/18/2020
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