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2036 Meadowbrook Drive Mesquite, TX 75149

3 Beds 2 Baths 1,614 sqft Built 1986

$199,999

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $123.92
  • 2 Days on Market
  • MLS # : 14514304
  • Updated Date : 02/06/2021 at 15:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

On a corner lot, this 3 bed, 2 bath full bath, recently refreshed, is ready for you to move in!!! Additional amenities include separate laundry room, large backyard with fenced in yard and deck, stainless steel appliances, rear-entry 2 car garage in an established quiet neighborhood conveniently located to major highway access. Buyer and Buyer's Agent to verify all information in MLS.

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
Frasier Middle School Middle Unknown NA
West Mesquite High School High Regular 1,935 129 3
West Mesquite High School High Unknown NA

Frasier Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

West Mesquite High School

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

West Mesquite High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$179,999$219,999$199,999

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$695
Property Tax -$485
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$221

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.

$199,999

PROJECTED PRICE

$1,620

PROJECTED RENT

0.81%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$26,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5504$1,5955$1,620
$1,620
RENT COMPS ANALYSIS
  • 2036 Meadowbrook Drive Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.00
    •  
  • 2011 Nectar Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 2111 Nectar Drive Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1986
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 2015 Bridger Drive Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1985
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 844 Ember Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1994
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sejal Patel
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514304
Last Updated: 02/06/2021
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