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1910 Uvalde Street Mesquite, TX 75150

3 Beds 2 Baths 1,894 sqft Built 1983

$255,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $134.64
  • 3 Days on Market
  • MLS # : 14492543
  • Updated Date : 01/02/2021 at 10:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Newly renovated home that encompasses a refreshing modern farmhouse atmosphere. From century oak gray laminate flooring, high ceilings in the common areas, wet bar with 3mm frosted white quartz countertops that adds elegance to lifestyle. Tons of natural lighting paired with a tasteful gray pallet. New SS appliances, All new light fixtures with adjustable lighting options in every room for the perfect ambiance. Conveniently located off of i-30 and 635, with a short commute to and from major highways. Minutes away from Town East Mall, walking distance from Kimble Elementary School.

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: Country Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k243k

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

Neighborhood: Country Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9701734

* 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
Kimball Elementary School Primary Regular 303 21 7
Kimball Elementary School Middle Regular 303 21 7
Poteet High School High Regular 1,743 113 6

Kimball Elementary School

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 21
7
GreatSchools Rating

Kimball Elementary School

  • Education Level: Middle
  • # of students: 303
  • # of teachers: 21
7
GreatSchools Rating

Poteet High School

  • Education Level: High
  • # of students: 1,743
  • # of teachers: 113
6
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$941
Property Tax -$618
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$105

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.

$255,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6904$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1910 Uvalde Street Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 1923 Robert Jones Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1982
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 4013 Coryell Way Mesquite, TX 2
    • 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1983
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 1706 Uvalde Street Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1983
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 3923 Farrington Street Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1981
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jackie Le
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492543
Last Updated: 01/02/2021
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