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2517 Hyacinth Drive Mesquite, TX 75181

3 Beds 2 Baths 1,836 sqft Built 1995

$234,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $127.45
  • 3 Days on Market
  • MLS # : 14462187
  • Updated Date : 11/01/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Central

Listing Agent's Description

Welcome to a Stunning garden home in the beautiful master planned Creek Crossing Estates. This home is centrally located to hiking trails, shopping & family friendly entertainment. It is amid a quaint backdrop of masterfully designed landscaping; creating a home that is warm and inviting.The home has extensive space for formal and informal entertaining, while still having the flexibility to be the peaceful safe haven at the end of a long day.The feeling of home sweeps across you as you enter the 1836 sqft, 3 bed, 2 bath home and invites you to explore all of the gorgeous upgrades.From the vaulted ceilings, flooring selection, vestal sinks and everything in between this home is one that has to be experienced.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
Thompson Elementary School Primary Regular 569 34 4
Terry Middle School Middle Regular 821 52 7
John Horn High School High Regular 2,284 140 4

Thompson Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 34
4
GreatSchools Rating

Terry Middle School

  • Education Level: Middle
  • # of students: 821
  • # of teachers: 52
7
GreatSchools Rating

John Horn High School

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

$210,600$257,400$234,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$863
Property Tax -$568
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
$57

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.

$234,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.74%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,6953$1,7204$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 2517 Hyacinth Drive Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.94
    •  
  • 2509 Hyacinth Drive Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1995
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.92
    •  
  • 2331 Highbank Drive Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1994
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 1636 Ariel Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1991
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 1300 Greenfield Drive Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sametrius Ruben
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462187
Last Updated: 11/01/2020
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