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2512 Cantura Drive Mesquite, TX 75181

5 Beds 4 Baths 3,688 sqft Built 2002

$335,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $90.84
  • 4 Days on Market
  • MLS # : 14499704
  • Updated Date : 01/15/2021 at 09:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,688 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Well maintained family home on huge lot with no neighbors behind property. Spacious with good floor plan & room sizes. Twenty foot ceilings greet your arrival with views of gleaming hardwood flooring in living areas. Climate controlled sunroom makes for a perfect family flex room with stained concrete flooring & light filled window views of backyard. (Not included in sq footage) Kitchen is well appointed & perfect for any chef with tons of 42 inch cabinets, huge work island, walk in pantry, gas cooktop, counter space galore & views of living & dining rooms. Recent improvements:radiant barrier, HVAC unit with UV light sterilization system, gas cooktop, microwave, flooring & more! Community pool & schools nearby.

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: Cantura Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k243k

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

Neighborhood: Cantura Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9701873

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,164
Property Tax -$813
Property Insurance -$243
HOA -$38
Property Management Fees -$99
CASH FLOW
-$86

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.

$335,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,905

    COMP ESTIMATED VALUE
  • $0.51

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,270
$2,270
RENT COMPS ANALYSIS
  • 2512 Cantura Drive Mesquite, TX 3
    • 5 beds 4 baths ∙ 3,736 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,736 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.61
    •  
  • 1400 Jasper Drive Mesquite, TX 1
    • 4 beds 3 baths ∙ 3,516 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,516 Sqft ∙ Built 2005
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.53
    •  
  • 2152 Bent Tree Lane Mesquite, TX 2
    • 5 beds 3 baths ∙ 4,042 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,042 Sqft ∙ Built 2004
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.49
    •  
PROPERTY LISTING DETAILS
Shaun Walding
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499704
Last Updated: 01/15/2021
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