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1730 Creek Valley Road Mesquite, TX 75181

4 Beds 2 Baths 2,116 sqft Built 1997

INVESTimate

$264,900

List Price

$1,880

$1,692 - $2,068

Rent Est.

$289,085  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $125.19
  • 5 Days on Market
  • MLS # : 14417899
  • Updated Date : 08/23/2020 at 21:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,116 sqft
  • Baths : 2 full
Listing Agent

Premier Legacy Real Estate Llc

Listing Agent's Description

This beautiful home on a corner lot is owned by the family that built it and they've done a wonderful job taking care of it. Complete remodel in 2016 including stainless steel whirlpool appliances, granite on countertops and island, new backsplash, ceramic tile floor in kitchen area, stainless steel sink, wood flooring in several parts of the house, new paint inside home. New 50 gallon commercial grade hot water heater in 2018, NEW ROOF March of 2020. Home has security system along with surround sound in family room. Foundation repaired in 2013 and has transferable warranty. Sprinkler system and an oversize garage. This home is ready for a new family to build new memories.

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

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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$977
Property Tax -$642
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$12

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.

$264,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,8003$1,8504$1,8805$1,925
$1,925
RENT COMPS ANALYSIS
  • 1730 Creek Valley Road Mesquite, TX 4
    • 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.89
    •  
  • 1621 Brookstone Drive Mesquite, TX 1
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1991
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.81
    •  
  • 2620 Hackberry Creek Mesquite, TX 2
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1995
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 1220 Woodthorpe Drive Mesquite, TX 3
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1992
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2617 Brushy Creek Trail Mesquite, TX 5
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bruce Archer
Premier Legacy Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417899
Last Updated: 08/23/2020
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