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2609 Hackberry Creek Mesquite, TX 75181

4 Beds 2 Baths 2,111 sqft Built 1995

$260,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $123.16
  • 3 Days on Market
  • MLS # : 14500123
  • Updated Date : 01/15/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Hometiva

Listing Agent's Description

Don’t miss out on this beautifully updated home in Mesquite! GREAT 1-story floorplan with 4 BEDROOMS! Updated kitchen features granite countertops, island, new oven range, new built in microwave with PLENTY of cabinet and storage space. 2 separate living areas feature ALL NEW windows letting in plenty of natural light. Over-sized Master with adjoining on-suite bath with double sinks and separate tub-shower combo. All bedrooms are a good size! Office with a kitchen. Fenced-in backyard and 2 car garage complete this gem! Great neighborhood! Schedule a showing today! Should go fast.

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
Pirrung Elementary School Primary Regular 473 30 4
Terry Middle School Middle Regular 821 52 7
John Horn High School High Regular 2,284 140 4

Pirrung Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 30
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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$903
Property Tax -$631
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$78

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.

$260,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.72%

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-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,937

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8604$1,9255$2,095
$2,095
RENT COMPS ANALYSIS
  • 2609 Hackberry Creek Mesquite, TX 3
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.88
    •  
  • 2520 Walnut Creek Drive Mesquite, TX 1
    • 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1997
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 1220 Woodthorpe Drive Mesquite, TX 2
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1992
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2617 Brushy Creek Trail Mesquite, TX 4
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987
    property image
    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
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tabor Campbell
Hometiva
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500123
Last Updated: 01/15/2021
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