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3028 Daybreak Trail Mesquite, TX 75181

4 Beds 2 Baths 2,441 sqft Built 2002

INVESTimate

$280,000

List Price

$1,780

$1,602 - $1,958

Rent Est.

$304,332  ( +8.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $114.71
  • 7 Days on Market
  • MLS # : 14417327
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,441 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This amazing and hard to find updated single story home is ready to move in. Home has 4 bedrooms that has New Paint, New Granite in Kitchen and Bathrooms, New Sod, and an 8ft Board on Board fence that will allow the families great privacy. Perfect house for the growing family. Large family room with gas starting fireplace perfect for entertaining. Split master bedrooms and master bath with walk in closet, garden tub, separate shower and dual vanities. No Carpets. Home has ideal layout for multiple people to work from home or for kids to study. See the 3D tour for details.

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: Park Chase

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k245k

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

Neighborhood: Park Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9702076

* 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
Smith Elementary School Primary Regular 477 29 4
Berry Middle School Middle Regular 910 55 5
John Horn High School High Regular 2,284 140 4

Smith Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 29
4
GreatSchools Rating

Berry Middle School

  • Education Level: Middle
  • # of students: 910
  • # of teachers: 55
5
GreatSchools Rating

John Horn High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,033
Property Tax -$679
Property Insurance -$168
HOA -$28
Property Management Fees -$99
CASH FLOW
-$227

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.

$280,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.69%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,8954$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 3028 Daybreak Trail Mesquite, TX 2
    • 4 beds 2 baths ∙ 2,441 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,441 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.73
    •  
  • 3012 Walnut Ridge Lane Mesquite, TX 1
    • 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2006
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
  • 3244 Silver Creek Drive Mesquite, TX 3
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2005
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 2837 Island Wren Drive Mesquite, TX 4
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2003
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 2421 Rimrock Trail Mesquite, TX 5
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2001
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
PROPERTY LISTING DETAILS
John Mathew
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417327
Last Updated: 08/21/2020
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