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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $89.95
- 3 Days on Market
- MLS # : 14513205
- Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,946 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
MULTIPLE OFFERS RECEIVED. OFFER DEADLINE SUN, FEB 7TH AT 5PM. Spacious and well-maintained two story home with 4 bedrooms and 2.5 baths in a fantastic neighborhood. Great layout with kitchen open to living area. Island kitchen with laminate floors, granite, glass tile back splash, stainless steel appliances, breakfast area & built-in desk. Downstairs features additional living space perfect for home office. Formal living room is generous in size and has laminate floors. Owner's retreat has sitting area and oversized bath with walk-in closet, double vanity, separate shower & tub. Three spacious additional bedrooms on the second floor. Rear entry garage with extra long driveway.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Valleycreek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valleycreek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$643 | |
| Property Insurance | -$197 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$370
|
||
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.
$265,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
10.75
YEARS SAVED
$42,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,799
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2927 Country Circle Mesquite, TX 1
- 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,230
- $0.76
-
2732 Ingram Circle Mesquite, TX 2
- 5 beds 3 baths ∙ 2,989 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,989 Sqft ∙ Built 2005
LEASED 12/30/20- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
2307 Elm Falls Place Mesquite, TX 3
- 5 beds 3 baths ∙ 2,928 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,928 Sqft ∙ Built 2001
LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,100
- $1.06
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513205
Last Updated: 02/06/2021
