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2018 Bridger Drive Mesquite, TX 75149

4 Beds 2 Baths 1,828 sqft Built 1985

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $155.91
  • 2 Days on Market
  • MLS # : 14505265
  • Updated Date : 01/23/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

Fdez Realty

Listing Agent's Description

Lovely home updated in 2020, Excellent and in quiet neighborhood! This Open floor plan features 4 bedrooms, 2 updated bathrooms, and 2 spacious living areas with high ceilings. Master bath with beautiful vanities, shower and huge walk-in closet. Kitchen was remodeled with granite countertops, tile back splash, new cabinets, SS appliances and lighting fixtures. Other Updates include; new roof, siding, gutters, windows, doors, ceiling fans, new tile flooring in kitchen and living room and wood flooring in all bedrooms. New AC unit and fresh paint throughout interior and exterior. Home also features a huge backyard with new concrete pad in patio and driveway. Rear entrance access with wood running gate.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Town Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Town Ridge

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
Seabourn Elementary School Primary Regular 561 38 4
Seabourn Elementary School Middle Regular 561 38 4
West Mesquite High School High Regular 1,935 129 3

Seabourn Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 38
4
GreatSchools Rating

Seabourn Elementary School

  • Education Level: Middle
  • # of students: 561
  • # of teachers: 38
4
GreatSchools Rating

West Mesquite High School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$990
Property Tax -$691
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$323

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.4%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5904$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 2018 Bridger Drive Mesquite, TX 3
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.87
    •  
  • 2022 Nectar Drive Mesquite, TX 1
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1985
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 1427 Springcrest Drive Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1987
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 2908 Meadowlark Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2000
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 1301 Maple Ridge Drive Mesquite, TX 5
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 2000
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Susana Romero
Fdez Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505265
Last Updated: 01/23/2021
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