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1733 Windsor Drive Mesquite, TX 75149

4 Beds 3 Baths 1,838 sqft Built 1983

$224,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $122.36
  • 2 Days on Market
  • MLS # : 14467573
  • Updated Date : 11/07/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,838 sqft
  • Baths : 3 full
Listing Agent

Orbit Realty Group, Llc

Listing Agent's Description

Fully remodeled 4 bedroom 3 Bath with 2 master bedrooms, very large open living area. Granite counter tops, stainless steel appliances, waterproof flooring, all bathrooms updated vaulted living-room ceilings, very desirable neighborhood near schools, shopping and easy access to highways. Must See!

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: Winsor Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Winsor Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9331734

* 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
Gentry Elementary School Primary Regular 820 49 7
Gentry Elementary School Middle Regular 820 49 7
John Horn High School High Regular 2,284 140 4

Gentry Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 49
7
GreatSchools Rating

Gentry Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 49
7
GreatSchools Rating

John Horn High School

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

$202,410$247,390$224,900

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 -$830
Property Tax -$545
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
$42

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.

$224,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,915

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
  • $0.9

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6504$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 1733 Windsor Drive Mesquite, TX 3
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 1908 Windsor Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1986
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 1618 Rancho Drive Mesquite, TX 2
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1991
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 431 Wellington Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1986
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 1833 Cedar Vista Drive Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2000
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Tony Godina
Orbit Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467573
Last Updated: 11/07/2020
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