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2409 Buckeye Drive Mesquite, TX 75181

4 Beds 2 Baths 2,156 sqft Built 1996

$325,493

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $150.97
  • 2 Days on Market
  • MLS # : 14488342
  • Updated Date : 12/18/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,156 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

This lovely well maintained 4 Bedroom 2 Full bathroom home has everything you could want want and more !!!!! Beautiful Heated Pool with outdoor surround sound and custom wood privacy fence. Inside features open floor plan with eat in kitchen, large laundry room, formal dinning and office space. Nice sized bedrooms, updated bathrooms, bamboo flooring throughout the home, No carpet. Great for entertaining guests and family get togethers. No HOA, parking in front and rear entrance access with electronic gate.

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: 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
Smith Elementary School Primary Regular 477 29 4
Berry Middle School Middle Regular 910 55 5
John Horn High School High Regular 2,284 140 4

Smith Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 29
4
GreatSchools Rating

Berry Middle School

  • Education Level: Middle
  • # of students: 910
  • # of teachers: 55
5
GreatSchools Rating

John Horn High School

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

$292,944$358,042$325,493

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,201
Property Tax -$789
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
-$311

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.

$325,493

PROJECTED PRICE

$1,930

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$92,006

INVESTMENT

$92,006

Down Payment
$81,373
Rehab Estimate
$5,750
Closing Costs
$4,882

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,201

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,373
Loan Amount $244,120
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,9254$1,9305$2,095
$2,095
RENT COMPS ANALYSIS
  • 2409 Buckeye Drive Mesquite, TX 4
    • 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.90
    •  
  • 1913 Clifton Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1998
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 1104 Parkwood Trail Mesquite, TX 2
    • 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,239 Sqft ∙ Built 1998
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 2617 Brushy Creek Trail Mesquite, TX 3
    • 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
    •  
  • 2404 Parkchase Circle Mesquite, TX 5
    • 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 1994
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Arieal Hernandez
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488342
Last Updated: 12/18/2020
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