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2811 Eagle Pass Mesquite, TX 75150

3 Beds 2 Baths 1,463 sqft Built 1983

$219,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $150.31
  • 2 Days on Market
  • MLS # : 14497181
  • Updated Date : 01/09/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Updated beauty less than 5 minutes to Town East shopping and entertainment district and right off I635. House has been recently updated with fresh paint, appliances, some fixtures, and carpet. House features huge living area looking over backyard, galley kitchen with granite counter tops, white cabinets and stainless steel appliances. Bedrooms are split and master is very oversized. Both baths have some updated fixtures and granite countertops. Large backyard with 8 foot privacy fence and large deck. 2 car garage plus extra parking pad perfect for another vehicle or boat. Located in award winning Poteet school district. Hurry will sell overnight!!!

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: Town Centre Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Town Centre Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Cannaday Elementary School Primary Regular 534 36 4
Kimbrough Middle School Middle Regular 846 51 7
Poteet High School High Regular 1,743 113 6

Cannaday Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 36
4
GreatSchools Rating

Kimbrough Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 51
7
GreatSchools Rating

Poteet High School

  • Education Level: High
  • # of students: 1,743
  • # of teachers: 113
6
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$764
Property Tax -$533
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$2

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$219,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5103$1,6504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2811 Eagle Pass Mesquite, TX 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.03
    •  
  • 2626 Rio Grande Pass Mesquite, TX 1
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1983
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 716 Retriever Lane Mesquite, TX 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1985
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 700 Whitewing Drive Mesquite, TX 4
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1985
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 1222 Laredo Lane Mesquite, TX 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1983
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Maria Ammerman
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497181
Last Updated: 01/09/2021
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