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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cantura Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
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
-
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
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499704
Last Updated: 01/15/2021
